We compute earnings per share using the two-class method. The two-class method requires an earnings allocation formula that determines earnings per share for common shareholders and participating security holders according to dividends declared and participating rights in undistributed earnings. Time-based restricted stock awards are participating securities because holders of such unvested shares have rights to receive non-forfeitable dividends. Under the two-class method, total dividends provided to the holders of participating securities are subtracted from net income attributable to the Company to determine net income attributable to common shareholders. The Company may, at its sole discretion, require any dividends paid on the unvested restricted stock awards to be paid in shares rather than in cash, which could then be forfeited if the employee forfeits the underlying awards.

Basic earnings per common share are computed by dividing net income attributable to common shareholders by the weighted-average common shares outstanding. Diluted earnings per common share are computed by dividing the net income attributable to common shareholders by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding consist of basic weighted average common shares outstanding plus weighted average awards outstanding under our equity compensation plans, which are dilutive securities.


	Three Months Ended				Six Months Ended
(In thousands, except per share data)	June 28, 2026		June 29, 2025		June 28, 2026		June 29, 2025
Calculation of net income attributable to common shareholders
Net income attributable to the Company	$	8,533	$	9,531	$	15,788	$	18,753
Dividends paid to participating securities	(429)		(264)		(725)		(458)

Net income attributable to common shareholders	$	8,104	$	9,267	$	15,063	$	18,295

Basic earnings per common share
Basic weighted average common shares outstanding	33,024		32,849		32,980		32,808
Basic earnings per common share	$	0.25	$	0.28	$	0.46	$	0.56

Diluted earnings per common share
Weighted average common shares outstanding	33,024		32,849		32,980		32,808
Dilutive effect of outstanding equity awards (a)	105		120		89		124
Diluted weighted average common shares outstanding	33,129		32,969		33,069		32,932
Diluted earnings per common share	$	0.24	$	0.28	$	0.46	$	0.56

___________________________________

(a) Excludes 317,000 and 269,000 shares underlying equity awards for the three and six months ended June 28, 2026, respectively, and 294,000 and 257,000 shares underlying equity awards for the three and six months ended June 29, 2025, respectively, as the effect of including such awards would have been anti-dilutive.