Net Income Per Share

3 Months Ended

Mar. 31, 2024

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


	Three Months Ended
	March 31, 2024		April 2, 2023
Net income	$	41,993	$	39,821

Common stock:
Weighted average basic shares outstanding	205,372		212,547
Dilutive effect of stock options and restricted shares	1,599		2,482
Weighted average diluted shares outstanding	206,971		215,029

Basic and diluted net income per share	$	.20	$	.19

Basic net income per share for the three months ended March 31, 2024 and April 2, 2023 was computed by dividing net income amounts by the weighted average number of shares of common stock outstanding. Diluted net income per share 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 6,789 and 4,532 for the three months ended March 31, 2024 and April 2, 2023, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.