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Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share
15.
Earnings Per Share:

Basic income per share is calculated using the weighted average number of shares of common stock outstanding during the period. Restricted stock units and stock options are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive.

The Company’s basic and diluted earnings per share amounts are as follows:

 

 

December 31,
2022

 

 

January 1,
2022

 

 

December 26,
2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

223,334

 

 

$

142,349

 

 

$

31,025

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic earnings per share - weighted average shares
   outstanding

 

 

49,424

 

 

 

49,242

 

 

 

49,136

 

Effect of potential dilutive securities:

 

 

 

 

 

 

 

 

 

Restricted stock units, employee stock purchase grants and stock
   options - dilutive shares

 

 

340

 

 

 

486

 

 

 

339

 

Diluted earnings per share - weighted average shares
   outstanding

 

 

49,764

 

 

 

49,728

 

 

 

49,475

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

4.52

 

 

$

2.89

 

 

$

0.63

 

Diluted

 

$

4.49

 

 

$

2.86

 

 

$

0.63