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Earnings Per Share (Tables)
9 Months Ended
Sep. 26, 2020
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands, except per share data)

 

September 26, 2020

 

 

September 28, 2019

 

 

September 26, 2020

 

 

September 28, 2019

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

34,259

 

 

$

21,308

 

 

$

70,919

 

 

$

66,213

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares outstanding

 

 

32,281

 

 

 

32,522

 

 

 

32,317

 

 

 

32,656

 

Effect of stock-based compensation awards

 

 

90

 

 

 

72

 

 

 

77

 

 

 

82

 

Weighted average diluted shares outstanding

 

 

32,371

 

 

 

32,594

 

 

 

32,394

 

 

 

32,738

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.06

 

 

$

0.66

 

 

$

2.19

 

 

$

2.03

 

Diluted

 

$

1.06

 

 

$

0.65

 

 

$

2.19

 

 

$

2.02