Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.1.900
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 02, 2016
Accounting Policies [Abstract]  
Computation of basic and diluted earnings per common share
The following table represents the computation of basic and diluted net income per common share (in thousands, except per share data):
 
January 2, 2016
 
December 27, 2014
 
December 28, 2013
Net income
$
33,138

 
$
43,775

 
$
37,984

Basic weighted average number of common shares outstanding
26,687

 
26,456

 
26,206

Basic net income per common share
$
1.24

 
$
1.65

 
$
1.45

Effect of dilutive stock options and deferred director stock units
—

 
—

 
—

Diluted weighted average number of common shares outstanding
26,687

 
26,456

 
26,206

Diluted net income per common share
$
1.24

 
$
1.65

 
$
1.45