Earnings Per Share

9 Months Ended

Sep. 27, 2025

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 amounts)	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Numerator:
Net income as reported	$	69,522	$	58,058	$	170,435	$	151,976

Denominator:
Weighted average shares outstanding
Basic	24,837		24,796		24,786		24,822
Effect of dilutive securities	265		229		203		218
Diluted	25,102		25,025		24,989		25,040

Earnings Per Share:
Basic earnings per share	$	2.80	$	2.34	$	6.88	$	6.12
Diluted earnings per share	$	2.77	$	2.32	$	6.82	$	6.07

Potential shares of common stock attributable to performance share units, stock options and restricted stock units excluded from the earnings per share calculation because their effect would be anti-dilutive were 101,354 and 124,197 for the three months ended September 27, 2025 and September 28, 2024, respectively, and 322,843 and 136,635 for the nine months ended September 27, 2025 and September 28, 2024, respectively.

Share Repurchase Program

On April 25, 2024, the Company's Board of Directors authorized a three-year program to repurchase up to $300.0 million in the aggregate of shares of the Company's stock for the period from May 1, 2024 to April 30, 2027 ("2024 program") to replace its previous 2021 program. The Company did not repurchase any shares of its common stock for the three months ended

September 27, 2025. During the nine months ended September 27, 2025, the Company repurchased 120,689 shares of its common stock totaling $27.4 million pursuant to the 2024 program. During the nine months ended September 28, 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.