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Basic and Diluted Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):

 

 

 

Three Months Ended

 

 

 

March 31, 2023

 

 

April 1, 2022

 

Numerator:

 

 

 

 

 

 

Net income

 

$

2,710

 

 

$

9,602

 

Denominator:

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

Common shares outstanding

 

 

48,251

 

 

 

47,758

 

Less: Unvested restricted stock

 

 

(4

)

 

 

(3

)

Denominator for basic calculation

 

 

48,247

 

 

 

47,755

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

Stock options

 

 

1,116

 

 

 

1,470

 

Unvested restricted stock

 

 

3

 

 

 

1

 

RSUs

 

 

81

 

 

 

55

 

PSUs

 

 

53

 

 

 

7

 

Denominator for diluted calculation

 

 

49,500

 

 

 

49,288

 

Net income per share:

 

 

 

 

 

 

Basic

 

$

0.06

 

 

$

0.20

 

Diluted

 

$

0.05

 

 

$

0.19

 

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

Three Months Ended

 

 

 

March 31, 2023

 

 

April 1, 2022

 

Stock options

 

 

1,392

 

 

 

613

 

Restricted stock, RSUs and PSUs

 

 

15

 

 

 

24

 

Total

 

 

1,407

 

 

 

637