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Net Income Per Common Share (Tables)
3 Months Ended
Mar. 29, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) 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