Net Income per Common Share

6 Months Ended

Jul. 02, 2022

Earnings Per Share [Abstract]

Net Income 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				Six Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Net income	$	34,933	$	22,250	$	37,007	$	88,884
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	22,355		24,371		22,558		24,874
Dilutive effect of stock-based awards	358		823		594		995
Diluted weighted-average shares outstanding	22,713		25,194		23,152		25,869
Net income per share – basic	$	1.56	$	0.91	$	1.64	$	3.57
Net income per share – diluted	$	1.54	$	0.88	$	1.60	$	3.44

For the three and six months ended July 2, 2022 and July 3, 2021, anti-dilutive stock-based awards excluded from the diluted net income per share calculations were immaterial.