Net Income Per Share

3 Months Ended

Mar. 29, 2026

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
	March 29, 2026		March 30, 2025
Net income	$	22,712	$	39,232
Common stock:
Weighted average basic shares outstanding	190,293		200,643
Dilutive effect of stock options and restricted shares	607		974
Weighted average diluted shares outstanding	190,900		201,617
Net income per share:
Basic	$	.12	$	.20
Diluted	$	.12	$	.19

Basic net income per share for the three months ended March 29, 2026 and March 30, 2025 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 11,926 and 8,288 for the three months ended March 29, 2026, and March 30, 2025, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.