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EARNINGS PER SHARE

3 Months Ended

Apr. 03, 2021

Basic income per share is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted income per share includes the additional effect of all potentially dilutive securities, which includes dilutive stock-based awards granted under stock-based compensation plans.

The following table sets forth the calculation of earnings per share and weighted-average common shares outstanding at the dates indicated (in thousands, except per share data):


	Three Months Ended
	April 3, 2021		March 28, 2020
Net income	$	30,523	$	8,480

Weighted-average common shares outstanding—basic	87,179		86,830
Effect of dilutive securities	1,293		631
Weighted-average common shares outstanding—diluted	88,472		87,461

Earnings per share
Basic	$	0.35	$	0.10
Diluted	$	0.35	$	0.10

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For the three months ended April 3, 2021 and March 28, 2020, outstanding stock-based awards representing less than 0.1 million and 0.5 million shares, respectively, of common stock were excluded from the calculation of diluted earnings per share, because their effect would be anti-dilutive.