EARNINGS PER SHARE

3 Months Ended

Mar. 30, 2024

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 other stock-based 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
	March 30, 2024		April 1, 2023
Net income	$	15,855	$	10,564

Weighted-average common shares outstanding—basic	86,355		86,529
Effect of dilutive securities	802		557
Weighted-average common shares outstanding—diluted	87,157		87,086

Earnings per share
Basic	$	0.18	$	0.12
Diluted	$	0.18	$	0.12

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For the three months ended March 30, 2024 and April 1, 2023, outstanding stock-based awards representing less than 0.1 million and 0.3 million shares of common stock, respectively, were excluded from the calculation of diluted earnings per share, because their effect would be anti-dilutive.