Net Income Per Share

12 Months Ended

Dec. 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:

	Year Ended
	2025		2024		2023
Net income	$	165,075	$	194,357	$	204,440
Common stock:
Weighted average basic shares outstanding	193,406		204,351		209,486
Dilutive effect of stock options and restricted shares	626		1,263		2,048
Weighted average diluted shares outstanding	194,032		205,614		211,534
Net income per share:
Basic	$	.85	$	.95	$	.98
Diluted	$	.85	$	.95	$	.97

Basic net income per share for 2025, 2024 and 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 9,789, 7,845 and 5,377 for 2025, 2024 and 2023, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.