Earnings per Share
Basic and diluted EPS were calculated as follows:
(In thousands, except per share amounts)December 28, 2024December 30, 2023December 31, 2022
Net Income Attributable to Kadant$111,598 $116,069 $120,928 
Basic Weighted Average Shares11,739 11,700 11,654 
Effect of Restricted Stock Units and Employee Stock Purchase Plan Shares32 29 34 
Diluted Weighted Average Shares11,771 11,729 11,688 
   
Basic Earnings per Share$9.51 $9.92 $10.38 
Diluted Earnings per Share$9.48 $9.90 $10.35 
The effect of outstanding and unvested RSUs of the Company's common stock totaling 15,600 shares in 2024, 17,100 shares in 2023, and 7,500 shares in 2022 was not included in the computation of diluted EPS for the respective periods as the effect would have been antidilutive or, for unvested performance-based RSUs, the performance conditions had not been met as of the end of the reporting periods.
Free Sentinel

Want the next KADANT INC earnings per share disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment KADANT INC's next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.