Net Income Per Share

3 Months Ended

Apr. 03, 2021

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 are considered potential dilutive shares of common stock. The following is a computation of basic and diluted net income per share (dollar amounts in thousands, except per share amounts):

	For the Three-Month Periods Ended
	April 3, 2021		March 28, 2020
Numerator:
Net income	$	5,798	$	37,637
Denominator:
Weighted average shares of common stock outstanding ⁽¹⁾, basic		142,122,934		137,468,875
Net income per share, basic	$	0.04	$	0.27

Weighted average shares of common stock outstanding ⁽¹⁾, diluted		146,266,014		140,330,909
Net income per share, diluted	$	0.04	$	0.27
Dilutive securities outstanding not included in the computation of diluted net income per share as their effect is antidilutive:
Stock options		7,479,384		6,015,548

(1)

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