EARNINGS PER SHARE

3 Months Ended

Mar. 29, 2025

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 29, 2025		March 30, 2024
Net income	$	16,609	$	15,855

Weighted-average common shares outstanding—basic	82,598		86,355
Effect of dilutive securities	945		802
Weighted-average common shares outstanding—diluted	83,543		87,157

Earnings per share
Basic	$	0.20	$	0.18
Diluted	$	0.20	$	0.18

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For both the three months ended March 29, 2025 and March 30, 2024, outstanding stock-based awards representing 1.0 million shares and 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.