Earnings Per Share

12 Months Ended

Dec. 28, 2024

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


(in thousands, except per share amounts)	2024		2023		2022
Numerator:
Net income as reported	$	100,190	$	259,485	$	373,306

Denominator:
Weighted average shares outstanding
Basic	24,821		24,854		24,734
Effect of dilutive securities	218		248		252
Diluted	25,039		25,102		24,986

Earnings Per Share:
Basic earnings per share	$	4.04	$	10.44	$	15.09
Diluted earnings per share	$	4.00	$	10.34	$	14.94

Potential shares of common stock attributable to stock options and restricted shares excluded from the earnings per share calculation because their effect would be anti-dilutive were 139,839, 110,002, and 87,425 shares in 2024, 2023, and 2022, respectively.

During the fiscal year of 2024, the Company repurchased 179,311 shares of its common stock totaling $40.9 million, of which, $38.9 million was pursuant to the 2021 program and $2.0 million was pursuant to the 2024 program. There are $298.0 million of an authorized amount not yet purchased under the 2024 program as of December 28, 2024. During the fiscal years of 2023 and 2022, the Company did not repurchase any shares of its common stock.