Earnings Per Share

3 Months Ended

Apr. 02, 2022

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
	April 2,		March 27,
	2022		2021
Numerator:
Net income	$	53,330	$	24,113
Denominator:
Basic earnings per share - weighted average shares    outstanding		49,437		49,000
Effect of potential dilutive securities:
Employee stock options, employee stock purchase grants and    restricted stock units - dilutive shares		478		572
Diluted earnings per share - weighted average shares    outstanding		49,915		49,572
Earnings per share:
Basic	$	1.08	$	0.49
Diluted	$	1.07	$	0.49