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Net Income Per Share (Tables)
9 Months Ended
Oct. 02, 2022
Earnings Per Share [Abstract]  
Summary of Reconciliation of Numerators and Denominators of Basic and Diluted Net Income Per Share

A reconciliation of the numerators and denominators of the basic and diluted net income per share calculations is as follows (in thousands, except per share amounts):

 

 

 

Thirteen weeks ended

 

 

 

Thirty-nine weeks ended

 

 

 

October 2, 2022

 

 

October 3, 2021

 

 

 

October 2, 2022

 

 

October 3, 2021

 

Basic net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

65,740

 

 

$

63,867

 

 

 

$

216,044

 

 

$

207,929

 

Weighted average shares outstanding

 

 

107,229

 

 

 

114,201

 

 

 

 

109,066

 

 

 

116,497

 

Basic net income per share

 

$

0.61

 

 

$

0.56

 

 

 

$

1.98

 

 

$

1.78

 

Diluted net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

65,740

 

 

$

63,867

 

 

 

$

216,044

 

 

$

207,929

 

Weighted average shares outstanding -
   basic

 

 

107,229

 

 

 

114,201

 

 

 

 

109,066

 

 

 

116,497

 

Dilutive effect of share-based awards:

 

 

 

 

 

 

 

 

 

 

 

 

 

Assumed exercise of options to purchase
   shares

 

 

314

 

 

 

197

 

 

 

 

318

 

 

 

211

 

RSUs

 

 

266

 

 

 

245

 

 

 

 

371

 

 

 

376

 

PSAs

 

 

286

 

 

 

175

 

 

 

 

133

 

 

 

168

 

Weighted average shares and
   equivalent shares outstanding

 

 

108,095

 

 

 

114,818

 

 

 

 

109,888

 

 

 

117,252

 

Diluted net income per share

 

$

0.61

 

 

$

0.56

 

 

 

$

1.97

 

 

$

1.77