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Earnings Per Share (Tables)
3 Months Ended
Apr. 02, 2022
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 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