Net Income Per Share

9 Months Ended

Sep. 28, 2025

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

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

	Three Months Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Net income	$	44,252	$	50,224	$	138,594	$	146,860
Common stock:
Weighted average basic shares outstanding	190,794		203,264		194,462		204,518
Dilutive effect of stock options and restricted shares	459		990		733		1,285
Weighted average diluted shares outstanding	191,253		204,254		195,195		205,803
Net income per share:
Basic	$	.23	$	.25	$	.71	$	.72
Diluted	$	.23	$	.25	$	.71	$	.71

Basic net income per share for the three and nine months ended September 28, 2025 and September 29, 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 10,193 and 8,823 for the three and nine months ended September 28, 2025, respectively, and 8,605 and 7,667 for the three and nine months ended September 29, 2024, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.