Net Income Per Share

3 Months Ended

Mar. 30, 2025

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


	Three Months Ended
	March 30, 2025		March 31, 2024
Net income	$	39,232	$	41,993

Common stock:
Weighted average basic shares outstanding	200,643		205,372
Dilutive effect of stock options and restricted shares	974		1,599
Weighted average diluted shares outstanding	201,617		206,971

Net income per share:
Basic	$	.20	$	.20
Diluted	$	.19	$	.20

Basic net income per share for the three months ended March 30, 2025 and March 31, 2024 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 8,288 and 6,789 for the three months ended March 30, 2025 and March 31, 2024, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.