Net Income Per Share

3 Months Ended

Apr. 04, 2026

14. NET INCOME PER SHARE

Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding for the period. Diluted net income per share is calculated by dividing net income by the diluted weighted average number of shares of common stock outstanding for the period. For purposes of this calculation, outstanding stock options, RSUs and PSUs are considered potential dilutive shares of common stock. The following is a computation of basic and diluted net income per share (amounts in thousands, except per share amounts):


	For the three-month periods ended
	April 4, 2026		March 29, 2025
Numerator:
Net income	$	41,653	$	5,193
Denominator:
Weighted average shares of common stock outstanding (1), basic		214,595		194,671
Net income per share, basic	$	0.19	$	0.03

Weighted average shares of common stock outstanding (1), diluted		222,099		206,238
Net income per share, diluted	$	0.19	$	0.03
Dilutive securities outstanding not included in the computation of diluted net income per share, as their effect is antidilutive:
RSUs		1,126		-
PSUs		1,028		-
Stock options		3,206		13,001

(1)

The calculation of weighted average shares of common stock outstanding includes all vested deferred restricted stock units.