Net Income Per Share

6 Months Ended

Jul. 04, 2021

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


	Three Months Ended				Six Months Ended
	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Net income	$	65,724	$	24,904	$	107,090	$	39,345

Common stock:
Weighted average basic shares outstanding	221,874		223,123		222,604		223,329
Dilutive effect of stock options and restricted shares	3,526		4,051		3,459		4,262
Weighted average diluted shares outstanding	225,400		227,174		226,063		227,591

Net income per share:
Basic	$	.30	$	.11	$	.48	$	.18
Diluted	$	.29	$	.11	$	.47	$	.17

Basic net income per share for the three and six months ended July 4, 2021 and June 28, 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 and six months ended July 4, 2021 and June 28, 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 1,825 and 1,847 for the three and six months ended July 4, 2021, respectively, and 2,636 and 2,652 for the three and six months ended June 28, 2020, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.