Net Income Per Share

3 Months Ended

Apr. 04, 2021

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The calculation of basic and diluted net income per share was as follows:

	Three Months Ended
	April 4, 2021		March 29, 2020
Net income	$	41,366	$	14,441
Common stock:
Weighted average basic shares outstanding	223,334		223,533
Dilutive effect of stock options and restricted shares	3,393		4,474
Weighted average diluted shares outstanding	226,727		228,007
Net income per share:
Basic	$	.19	$	.06
Diluted	$	.18	$	.06

Basic net income per share for the three months ended April 4, 2021 and March 29, 2020 was computed by dividing net income amounts by the weighted average number of shares of common stock outstanding. Diluted net income per share for the three months ended April 4, 2021 and March 29, 2020 was computed by dividing net income by the weighted average number of basic shares outstanding plus the potential common share effect of dilutive stock options and restricted shares. We excluded potential common shares of 1,870 and 2,667 for the three months ended April 4, 2021 and March 29, 2020, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.