Earnings Per Share

6 Months Ended

Jun. 30, 2024

Basic earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding during the period less restricted unvested shares. Diluted earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding plus all potentially dilutive common stock equivalents, primarily shares issuable upon the exercise of stock options using the treasury stock method. The following table reconciles the number of shares utilized in the earnings per share calculations:


	Three Months Ended		Six Months Ended
	June 30, 2024	July 2, 2023	June 30, 2024	July 2, 2023
	(In thousands)
Number of common shares—basic	123,354	125,215	123,391	125,745
Effect of dilutive securities:
Stock options	39	123	51	136
Restricted stock awards	84	60	52	37
Number of common shares—diluted	123,477	125,398	123,494	125,918
Number of potentially dilutive securities excluded from calculation due to antidilutive impact	998	767	2,030	766

Antidilutive securities include outstanding stock options with exercise prices and average unrecognized compensation cost in excess of the average fair market value of common stock for the related period. Antidilutive options were excluded from the calculation of diluted net income per share and could become dilutive in the future.