Earnings per Share

3 Months Ended

Mar. 30, 2025

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table shows the computation of basic and diluted earnings per share for the three-month periods ended March 30, 2025 and March 31, 2024 (in thousands, except per share amounts):

	Three-months Ended
	March 30, 2025		March 31, 2024
Net income	$	23,603	$	12,022
Basic weighted-average common shares outstanding	169,265		171,692
Effect of dilutive stock-based awards	1,126		902
Diluted weighted-average common shares outstanding	170,391		172,594
Earnings per share
Basic	$	0.14	$	0.07
Diluted	$	0.14	$	0.07

The computation of diluted weighted-average common shares outstanding excludes the following weighted average anti-dilutive stock-based awards outstanding for the three-month periods ended March 30, 2025 and March 31, 2024 (in thousands):

	Three-months Ended
	March 30, 2025	March 31, 2024
Stock options	9,765	8,176
Restricted stock units	—	1
Performance restricted stock units	—	—
Total weighted average anti-dilutive stock-based awards outstanding	9,765	8,177