EARNINGS PER SHARE

3 Months Ended

Apr. 03, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 9 — EARNINGS PER SHARE

Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for the periods indicated:

	Three Months Ended
	April 3, 2021	March 28, 2020
Numerator:
Net income	$38,192	$15,338
Denominator:
Weighted average number of common shares outstanding – Basic	17,559,624	17,461,524
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	158,857	257,894
Weighted average number of common shares outstanding – Diluted	17,718,481	17,719,418

The dilutive effect of outstanding options and restricted stock units is calculated using the treasury stock method. There were no stock options that were anti-dilutive and therefore not included in the diluted earnings per share calculation.