Earnings Per Share (Tables)

6 Months Ended

Jul. 02, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table shows the computation of basic and diluted EPS:

	Three Months Ended				Six Months Ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
	(in thousands, except per share data)
Numerator:
Net income	$	15,797	$	16,818	$	15,083	$	30,111
Less: distributed and undistributed earnings available to participating securities	(189)		(286)		(207)		(470)
Distributed and undistributed earnings available to common shareholders	$	15,608	$	16,532	$	14,876	$	29,641
Denominator:
Weighted average shares outstanding	57,381		58,358		57,279		58,380
Participating securities	693		1,010		798		928
Shares for basic EPS	58,074		59,368		58,077		59,308
Dilutive effect of non-participating securities	96		—		103		—
Shares for diluted EPS	58,170		59,368		58,180		59,308
Basic EPS	$	0.27	$	0.28	$	0.26	$	0.51
Diluted EPS	$	0.27	$	0.28	$	0.26	$	0.51