Net Income per Common Share

6 Months Ended

Jul. 01, 2023

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				Six Months Ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Net income	$	754	$	34,933	$	12,219	$	37,007
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	22,460		22,355		22,378		22,558
Dilutive effect of stock-based awards	42		358		165		594
Diluted weighted-average shares outstanding	22,502		22,713		22,543		23,152
Net income per share – basic	$	0.03	$	1.56	$	0.55	$	1.64
Net income per share – diluted	$	0.03	$	1.54	$	0.54	$	1.60

Additional potential dilutive stock-based awards totaling 1.3 million and 0.6 million for the three months ended July 1, 2023 and July 2, 2022, respectively, and 1.2 million and 0.5 million for the six months ended July 1, 2023 and July 2, 2022, respectively, have been excluded from the diluted net income per share calculations because these stock-based awards were anti-dilutive.