Net Income per Common Share

3 Months Ended

Apr. 03, 2021

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
	April 3, 2021		March 28, 2020
Net income	$	66,634	$	39,140
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	25,377		27,858
Dilutive effect of stock-based awards	1,167		914
Diluted weighted-average shares outstanding	26,544		28,772
Net income per share – basic	$	2.63	$	1.40
Net income per share – diluted	$	2.51	$	1.36

For the three months ended April 3, 2021 and March 28, 2020, anti-dilutive stock-based awards excluded from the diluted net income per share calculations were immaterial.