Net Income Per Share (Tables)

3 Months Ended

Mar. 30, 2025

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
	March 30, 2025		March 31, 2024
Basic net income per share:
Net income	$	180,026	$	114,100
Weighted average shares outstanding - basic	98,537		101,071
Basic net income per share	$	1.83	$	1.13
Diluted net income per share:
Net income	$	180,026	$	114,100
Weighted average shares outstanding - basic	98,537		101,071
Dilutive effect of share-based awards:
Assumed exercise of options to purchase shares	575		404
RSUs	462		549
PSAs	145		—
Weighted average shares and equivalent shares outstanding - diluted	99,719		102,024
Diluted net income per share	$	1.81	$	1.12