Net Income per Common Share

9 Months Ended

Oct. 02, 2021

Earnings Per Share [Abstract]

Net Income (Loss) per Common Share

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

	Three Months Ended				Nine Months Ended
	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Net income	$	53,721	$	51,320	$	142,605	$	77,830
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	23,464		27,973		24,404		27,918
Dilutive effect of stock-based awards	769		661		920		642
Diluted weighted-average shares outstanding	24,233		28,634		25,324		28,560
Net income per share – basic	$	2.29	$	1.83	$	5.84	$	2.79
Net income per share – diluted	$	2.22	$	1.79	$	5.63	$	2.73

For the three and nine months ended October 2, 2021 and September 26, 2020, anti-dilutive stock-based awards excluded from the diluted net income per share calculations were immaterial.