Net Income Per Share (Tables)

6 Months Ended

Jul. 04, 2023

Net Income Per Share

Schedule of basic and diluted net income per share

	Thirteen		Thirteen		Twenty-Six		Twenty-Six
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	July 4, 2023		June 28, 2022		July 4, 2023		June 28, 2022
	(In thousands, except per share data)
Net income	$	42,675	$	25,656	$	70,725	$	48,819
Basic weighted-average shares outstanding		48,492		50,387		48,593		50,360
Dilutive effect of equity awards (1)		593		542		703		606
Diluted weighted-average shares outstanding		49,085		50,929		49,296		50,966
Basic net income per share	$	0.88	$	0.51	$	1.46	$	0.97
Diluted net income per share	$	0.87	$	0.50	$	1.43	$	0.96

(1) Shares of common stock equivalents related to outstanding stock options, restricted stock and restricted stock units of 2.6 million and 3.1 million for July 4, 2023 and June 28, 2022, respectively, were excluded from the diluted calculation due to their anti-dilutive effect. No shares of common stock equivalents related to the Notes were included in the diluted calculation due to their anti-dilutive effect.