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Basic and Diluted Net Income Per Share (Tables)
12 Months Ended
Dec. 29, 2023
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):

 

 

Years Ended

 

 

 

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

21,347

 

 

$

39,665

 

 

$

27,511

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

48,523

 

 

 

47,991

 

 

 

47,213

 

Less: Unvested restricted stock

 

 

 

 

 

(4

)

 

 

(3

)

Weighted average common shares outstanding for basic

 

 

48,523

 

 

 

47,987

 

 

 

47,210

 

Dilutive potential common stock outstanding:

 

 

 

 

 

 

 

 

 

Stock options

 

 

813

 

 

 

1,310

 

 

 

2,145

 

Unvested restricted stock

 

 

3

 

 

 

2

 

 

 

5

 

RSUs

 

 

56

 

 

 

55

 

 

 

86

 

PSUs

 

 

32

 

 

 

26

 

 

 

10

 

Weighted average common shares outstanding for diluted

 

 

49,427

 

 

 

49,380

 

 

 

49,456

 

Net income per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.44

 

 

$

0.83

 

 

$

0.58

 

Diluted

 

$

0.43

 

 

$

0.80

 

 

$

0.56

 

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

Years Ended

 

 

 

2023

 

 

2022

 

 

2021

 

Stock options

 

 

2,073

 

 

 

933

 

 

 

228

 

Restricted stock, RSUs and PSUs

 

 

32

 

 

 

18

 

 

 

6

 

Total

 

 

2,105

 

 

 

951

 

 

 

234