EARNINGS PER SHARE

3 Months Ended

Apr. 02, 2022

Basic income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted income per share includes the effect of all potentially dilutive securities, which include dilutive stock options and awards.

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 2, 2022		April 3, 2021
Net income	$	25,659	$	30,523

Weighted-average common shares outstanding—basic	87,368		87,179
Effect of dilutive securities	855		1,293
Weighted-average common shares outstanding—diluted	88,223		88,472

Earnings per share
Basic	$	0.29	$	0.35
Diluted	$	0.29	$	0.35

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For both the three months ended April 2, 2022 and April 3, 2021, 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.