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Net Income Per Share
12 Months Ended
Dec. 30, 2023
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic and diluted net income per share were as follows: 
Fiscal Year
(in thousands, except per share data)202320222021⁽¹⁾
Numerator
Net income$53,115 $84,720 $83,394 
Denominator
Basic weighted average common shares outstanding151,027 141,561 141,545 
Dilutive effect of employee stock options and awards5,129 4,488 3,846 
Diluted weighted average common shares outstanding (1)
156,156 146,049 145,391 
Net income per share
Basic$0.35 $0.60 $0.59 
Diluted$0.34 $0.58 $0.57 
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(1)Prior to the Corporate Conversion in January 2022, net income per share is computed based on the number of common units outstanding.
(2)For fiscal year 2023, the calculation of diluted net income per share excludes the effect of 790 potential shares of common stock relating to awards of stock options and restricted stock units that, if exercised, would have been antidilutive. For fiscal year 2022, the calculation of diluted net income per share excludes the effect of 636 potential shares of common stock relating to awards of stock options that, if exercised, would have been antidilutive. For fiscal year 2021 there were no stock-based awards that would have had an antidilutive impact.