Net Income Per Common Share

3 Months Ended

Mar. 28, 2020

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common Share

The components of basic and diluted net income per share were as follows (in thousands, except per share amounts):

	Three Months Ended
	March 28, 2020		March 30, 2019
Net income	$	39,140	$	25,418
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	27,858		30,620
Dilutive effect of stock-based awards	914		1,118
Diluted weighted-average shares outstanding	28,772		31,738
Net income per share – basic	$	1.40	$	0.83
Net income per share – diluted	$	1.36	$	0.80

For the three months ended March 28, 2020 and March 30, 2019, anti-dilutive stock-based awards excluded from the diluted net income per share calculations were immaterial.