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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

The Company’s basic and diluted earnings per share amounts are as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

October 1,

 

 

September 30,

 

 

October 1,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

35,886

 

 

$

52,215

 

 

$

90,850

 

 

$

157,120

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share - weighted average shares
   outstanding

 

 

49,043

 

 

 

49,680

 

 

 

48,933

 

 

 

49,582

 

Effect of potential dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options, employee stock
    purchase grants and restricted stock units - dilutive shares

 

 

358

 

 

 

269

 

 

 

326

 

 

 

346

 

Diluted earnings per share - weighted average shares
   outstanding

 

 

49,401

 

 

 

49,949

 

 

 

49,259

 

 

 

49,928

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.73

 

 

$

1.05

 

 

$

1.86

 

 

$

3.17

 

Diluted

 

$

0.73

 

 

$

1.05

 

 

$

1.84

 

 

$

3.15