Net Income Per Share

6 Months Ended

Jun. 30, 2024

The calculation of basic and diluted net income per share was as follows:


	Three Months Ended				Six Months Ended
	June 30, 2024		July 2, 2023		June 30, 2024		July 2, 2023
Net income	$	54,643	$	59,632	$	96,636	$	99,453

Common stock:
Weighted average basic shares outstanding	204,919		210,624		205,145		211,585
Dilutive effect of stock options and restricted shares	1,266		2,304		1,433		2,393
Weighted average diluted shares outstanding	206,185		212,928		206,578		213,978

Net income per share:
Basic	$	.27	$	.28	$	.47	$	.47
Diluted	$	.27	$	.28	$	.47	$	.46

Basic net income per share for the three and six months ended June 30, 2024 and July 2, 2023 was computed by dividing net income amounts by the weighted average number of shares of common stock outstanding. Diluted net income per share was computed by dividing net income by the weighted average number of basic shares outstanding plus the potential common share effect of dilutive stock options and restricted shares. We excluded potential common shares of 7,606 and 7,197 for the three and six months ended June 30, 2024, respectively, and 4,420 and 4,476 for the three and six months ended July 2, 2023, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.