Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.5.0.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jul. 02, 2016
Accounting Policies [Abstract]  
Computation of basic and diluted earnings per common share
The following table represents the computation of basic and diluted earnings per common share (in thousands, except per share data):
 
 
Three Months Ended
Six Months Ended
 
July 2, 2016
 
June 27, 2015
July 2, 2016
 
June 27, 2015
Net income
$
6,990

 
$
9,248

$
15,198

 
$
19,625

Weighted average basic shares outstanding
26,908

 
26,684

26,857

 
26,645

Basic net income per common share
$
0.26

 
$
0.35

$
0.57

 
$
0.74

Effect of dilutive stock options

 


 

Weighted average diluted shares outstanding
26,908

 
26,684

26,857

 
26,645

Diluted net income per common share
$
0.26

 
$
0.35

$
0.57

 
$
0.74