Earnings Per Share

6 Months Ended

Jun. 26, 2021

NOTE 13. Earnings Per Share

Basic earnings per share is calculated using the weighted average number of shares of common stock outstanding during the period. Restricted stock units, employee stock purchase grants 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:

	Three Months Ended				Six Months Ended
	June 26,		June 27,		June 26,		June 27,
	2021		2020		2021		2020
Numerator:
Net income	$	35,051	$	7,424	$	59,164	$	3,020
Denominator:
Basic earnings per share - weighted average shares outstanding		49,193		48,736		49,105		49,417
Effect of potential dilutive securities:
Employee stock options, employee stock purchase grants and restricted stock units - dilutive shares		508		278		540		365
Diluted earnings per share - weighted average shares outstanding		49,701		49,014		49,645		49,782
Earnings per share:
Basic	$	0.71	$	0.15	$	1.20	$	0.06
Diluted	$	0.71	$	0.15	$	1.19	$	0.06