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Earnings Per Share (Tables)
6 Months Ended
Jul. 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

 

 

Six Months Ended

 

 

 

July 1,

 

 

July 2,

 

 

July 1,

 

 

July 2,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

25,896

 

 

$

51,575

 

 

$

54,964

 

 

$

104,905

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share - weighted average shares
   outstanding

 

 

48,976

 

 

 

49,617

 

 

 

48,865

 

 

 

49,525

 

Effect of potential dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

298

 

 

 

290

 

 

 

310

 

 

 

384

 

Diluted earnings per share - weighted average shares
   outstanding

 

 

49,274

 

 

 

49,907

 

 

 

49,175

 

 

 

49,909

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.53

 

 

$

1.04

 

 

$

1.12

 

 

$

2.12

 

Diluted

 

$

0.53

 

 

$

1.03

 

 

$

1.12

 

 

$

2.10