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Net Income Per Share
9 Months Ended
Sep. 27, 2024
Earnings Per Share [Abstract]  
Net Income Per Share

Note 4: Net Income Per Share

Basic per share amounts are computed using the weighted-average number of shares of common stock outstanding during the period. Diluted per share amounts are calculated using the weighted-average number of shares of common stock outstanding during the period and, when dilutive, the weighted-average number of potential shares of common stock from the issuance of common stock to satisfy outstanding restricted stock units and the exercise of outstanding options to purchase common stock using the treasury stock method.

The following schedule reconciles the shares used to calculate basic and diluted net income per share:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(In thousands)

 

September 27,
2024

 

 

September 29,
2023

 

 

September 27,
2024

 

 

September 29,
2023

 

Shares used in basic per share computation

 

 

51,177

 

 

 

51,203

 

 

 

51,098

 

 

 

51,197

 

Effect of dilutive common stock options
   outstanding

 

 

175

 

 

 

183

 

 

 

172

 

 

 

195

 

Effect of dilutive restricted stock units
   outstanding

 

 

270

 

 

 

259

 

 

 

257

 

 

 

288

 

Shares used in diluted per share
   computation

 

 

51,622

 

 

 

51,645

 

 

 

51,527

 

 

 

51,680

 

Common stock options to purchase 30,000 and 63,333 shares were excluded from the diluted per share calculation for the three months ended September 27, 2024 and September 29, 2023, respectively, due to their anti-dilutive effect. Common stock options to purchase 63,333 and 24,835 shares were excluded from the diluted per share calculation for the nine months ended September 27, 2024 and September 29, 2023, respectively, due to their anti-dilutive effect.