Earnings Per Share

3 Months Ended

Mar. 29, 2025

NOTE 12. Earnings Per Share

Basic earnings per share is calculated using the weighted average number of shares of common stock outstanding during the period. Restricted stock units, employee stock purchase grants and stock options are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive.

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


	Three Months Ended
	March 29,		March 30,
	2025		2024
	(in thousands, except for per share data)
Numerator:
Net income	$	64,095	$	46,853
Denominator:
Basic earnings per share - weighted average shares outstanding		49,180		49,230
Effect of potential dilutive securities:
Restricted stock units and employee stock purchase grants - dilutive shares		228		408
Diluted earnings per share - weighted average shares outstanding		49,408		49,638
Earnings per share:
Basic	$	1.30	$	0.95
Diluted	$	1.30	$	0.94