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| 8. |
NET INCOME PER COMMON SHARE |
Net income per common share calculated for the third quarter and nine months of 2021 and 2020 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 26, 2021 |
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September 27, 2020 |
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September 26, 2021 |
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September 27, 2020 |
| Net income for basic and diluted per share calculation |
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$ |
57,397
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$ |
37,336 |
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$ |
163,895
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$ |
59,237 |
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| Weighted average common shares outstanding - basic |
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22,789
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22,674 |
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22,826
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22,784 |
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| Effect of potentially dilutive securities |
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614
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398 |
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549
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304 |
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| Weighted average common shares outstanding - diluted |
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23,403
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23,072 |
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23,375
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23,088 |
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| Basic net income per common share |
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$ |
2.52
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$ |
1.65 |
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$ |
7.18
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$ |
2.60 |
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| Diluted net income per common share |
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$ |
2.45
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$ |
1.62 |
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$ |
7.01
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$ |
2.57 |
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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 for all periods presented.
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