EARNINGS PER SHARE

6 Months Ended

Jun. 28, 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				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Net income	$	51,151	$	50,396	$	67,760	$	66,251

Weighted-average common shares outstanding—basic	82,732		84,794		82,665		85,575
Effect of dilutive securities	731		674		838		738
Weighted-average common shares outstanding—diluted	83,463		85,468		83,503		86,313

Earnings per share
Basic	$	0.62	$	0.59	$	0.82	$	0.77
Diluted	$	0.61	$	0.59	$	0.81	$	0.77

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For the three and six months ended June 28, 2025, outstanding stock-based awards representing 1.8 million and 1.4 million shares, respectively, of common stock were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive. For each of the three and six months ended June 29, 2024, outstanding stock-based awards representing 0.1 million shares of common stock were excluded from the calculation of diluted earnings, because their effect would be anti-dilutive.