Net Income Per Common Share (Tables)

3 Months Ended

Apr. 01, 2023

Earnings Per Share [Abstract]

Calculation of EPS and Reconciliation of Weighted Average Common Shares Used in Calculation of Basic and Diluted EPS

The table below presents the calculation of EPS and a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS:

	Three Months Ended
	April 1,			April 2,
	2023			2022
	(in thousands, except per share amounts)
Net income	$	34,427		$	23,826
Less: Net income attributable to RNCI		(837	)		(657	)
Net income attributable to the Company		33,590			23,169
Increase in redemption value of RNCI		(1,177	)		(2,136	)
Net income attributable to common shareholders	$	32,413		$	21,033
Weighted-average number of common shares outstanding - Basic		59,818			59,831
Add: Dilutive shares from equity plans		335			388
Weighted-average number of common shares outstanding - Diluted		60,153			60,219
Net income per common share attributable to common shareholders:
Basic	$	0.54		$	0.35
Diluted	$	0.54		$	0.35