EARNINGS PER SHARE

9 Months Ended

Oct. 02, 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				Nine Months Ended
	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Net income	$	52,967	$	51,445	$	139,721	$	93,407

Weighted-average common shares outstanding—basic	87,526		87,032		87,343		86,933
Effect of dilutive securities	1,224		1,062		1,293		744
Weighted-average common shares outstanding—diluted	88,750		88,094		88,636		87,677

Earnings per share
Basic	$	0.61	$	0.59	$	1.60	$	1.07
Diluted	$	0.60	$	0.58	$	1.58	$	1.07

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. No outstanding stock-based awards were excluded from the calculation of diluted earnings per share for the three months ended October 2, 2021. For the three months ended September 26, 2020, outstanding stock-based awards representing less than 0.1 million shares of common stock were excluded from the calculation of diluted earnings per share, because their effect would be anti-dilutive.

For the nine months ended October 2, 2021 and September 26, 2020, outstanding stock-based awards representing less than 0.1 million and 0.2 million shares, respectively, of common stock were excluded from the calculation of diluted earnings, because their effect would be anti-dilutive.