Net Income per Common Share

9 Months Ended

Oct. 01, 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				Nine Months Ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Net income	$	5,033	$	53,721	$	42,040	$	142,605
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	22,218		23,464		22,444		24,404
Dilutive effect of stock-based awards	355		769		515		920
Diluted weighted-average shares outstanding	22,573		24,233		22,959		25,324
Net income per share – basic	$	0.23	$	2.29	$	1.87	$	5.84
Net income per share – diluted	$	0.22	$	2.22	$	1.83	$	5.63

For the three and nine months ended October 1, 2022 and October 2, 2021, anti-dilutive stock-based awards excluded from the diluted net income per share calculations were 0.5 million and 0.1 million for the three months ended October 1, 2022 and October 2, 2021, respectively, and 0.5 million and 0.1 million for the nine months ended October 1, 2022 and October 2, 2021, respectively.