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Earnings Per Share (Tables)
3 Months Ended
Apr. 01, 2023
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

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

 

 

 

Three Months Ended

 

 

 

April 1,

 

 

April 2,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net income

 

$

29,068

 

 

$

53,330

 

Denominator:

 

 

 

 

 

 

Basic earnings per share - weighted average shares
   outstanding

 

 

48,788

 

 

 

49,437

 

Effect of potential dilutive securities:

 

 

 

 

 

 

Employee stock options, employee stock
    purchase grants and restricted stock units - dilutive shares

 

 

321

 

 

 

478

 

Diluted earnings per share - weighted average shares
   outstanding

 

 

49,109

 

 

 

49,915

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.60

 

 

$

1.08

 

Diluted

 

$

0.59

 

 

$

1.07