Net Income Per Share (Tables)

6 Months Ended

Jul. 01, 2023

Schedule of Basic and Diluted Net (Loss) Income per Share

Basic and diluted net income per share were as follows:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(in thousands, except per share data)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Numerator
Net income	$	35,050	$	30,858	$	24,855	$	42,789
Denominator
Basic weighted average common shares outstanding	141,712		141,545		141,705		141,545
Dilutive effect of employee stock options and awards	4,462		4,617		4,553		4,617
Diluted weighted average common shares outstanding (1)	146,174		146,162		146,258		146,162
Net income per share
Basic	$	0.25	$	0.22	$	0.18	$	0.30
Diluted	$	0.24	$	0.21	$	0.17	$	0.29

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(1)For the thirteen and twenty-six weeks ended July 1, 2023 and the thirteen and twenty-six weeks ended July 2, 2022, there were no stock-based awards that would have had an antidilutive impact on earnings per share.