Net Income Per Share

6 Months Ended

Jun. 29, 2025

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


	Three Months Ended				Six Months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Net income	$	55,110	$	54,643	$	94,342	$	96,636

Common stock:
Weighted average basic shares outstanding	191,949		204,919		196,296		205,145
Dilutive effect of stock options and restricted shares	765		1,266		870		1,433
Weighted average diluted shares outstanding	192,714		206,185		197,166		206,578


Basic and diluted net income per share	$	.29	$	.27	$	.48	$	.47

Basic net income per share for the three and six months ended June 29, 2025 and June 30, 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 7,990 and 8,139 for the three and six months ended June 29, 2025, respectively, and 7,606 and 7,197 for the three and six months ended June 30, 2024, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.