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| 8. |
NET INCOME PER COMMON SHARE |
Net income per common share calculated for the third quarter and nine months of 2020 and 2019 is as follows:
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Third Quarter Ended |
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Nine Months Ended |
| (thousands except per share data) |
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September 27, 2020 |
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September 29, 2019 |
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September 27, 2020 |
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September 29, 2019 |
| Net income for basic and diluted per share calculation |
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$ |
37,336
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$ |
21,317 |
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$ |
59,237
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$ |
69,582 |
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| Weighted average common shares outstanding - basic |
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22,674
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23,076 |
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22,784
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23,073 |
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| Effect of potentially dilutive securities |
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398
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197 |
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304
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206 |
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| Weighted average common shares outstanding - diluted |
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23,072
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23,273 |
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23,088
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23,279 |
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| Basic net income per common share |
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$ |
1.65
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$ |
0.92 |
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$ |
2.60
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$ |
3.02 |
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| Diluted net income per common share |
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$ |
1.62
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$ |
0.92 |
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$ |
2.57
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$ |
2.99 |
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An immaterial amount of securities was not included in the computation of diluted income per share as they are considered anti-dilutive under the treasury stock method.
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