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| 8. |
NET INCOME PER COMMON SHARE |
Net income per common share calculated for the second quarter and six months of 2021 and 2020 is as follows:
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Second Quarter Ended |
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Six Months Ended |
| (thousands except per share data) |
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June 27, 2021 |
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June 28, 2020 |
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June 27, 2021 |
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June 28, 2020 |
| Net income for basic and diluted per share calculation |
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$ |
58,985
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$ |
714 |
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$ |
106,498
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$ |
21,901 |
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| Weighted average common shares outstanding - basic |
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22,948
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22,667 |
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22,844
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22,840 |
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| Effect of potentially dilutive securities |
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487
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265 |
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516
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258 |
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| Weighted average common shares outstanding - diluted |
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23,435
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22,932 |
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23,360
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23,098 |
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| Basic net income per common share |
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$ |
2.57
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$ |
0.03 |
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$ |
4.66
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$ |
0.96 |
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| Diluted net income per common share |
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$ |
2.52
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$ |
0.03 |
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$ |
4.56
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$ |
0.95 |
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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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