Earnings Per Share

9 Months Ended

Sep. 25, 2021

Earnings Per Share [Abstract]

Earnings Per Share

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				Nine Months Ended
	September 25,		September 26,		September 25,		September 26,
	2021		2020		2021		2020
Numerator:
Net income	$	36,448	$	8,091	$	95,612	$	11,111
Denominator:
Basic earnings per share - weighted average shares    outstanding		49,361		48,900		49,190		49,231
Effect of potential dilutive securities:
Employee stock options, employee stock purchase grants and    restricted stock units - dilutive shares		401		231		494		320
Diluted earnings per share - weighted average shares    outstanding		49,762		49,131		49,684		49,551
Earnings per share:
Basic	$	0.74	$	0.17	$	1.94	$	0.23
Diluted	$	0.73	$	0.16	$	1.92	$	0.22