Net Income Per Common Share

3 Months Ended

Mar. 29, 2026

O. NET INCOME PER COMMON SHARE

The following table sets forth the computation of basic and diluted net income per common share:


	For the Three Months Ended
	March 29, 2026		March 30, 2025
	(in thousands, except per share amounts)
Net income for basic and diluted net income per share	$	398,908	$	98,896
Weighted average common shares-basic		156,410		161,501
Effect of dilutive potential common shares:
Restricted stock units		1,148		444
Stock options		74		5
Employee stock purchase plan		4		46
Dilutive potential common shares		1,226		495
Weighted average common shares-diluted		157,636		161,996
Net income per common share-basic	$	2.55	$	0.61
Net income per common share-diluted	$	2.53	$	0.61

The computation of diluted net income per common share for the three months ended March 29, 2026, and March 30, 2025, excludes the effect of the potential vesting of less than 0.1 million, and 0.5 million, respectively, of restricted stock units because the effect would have been anti-dilutive.