NET INCOME PER COMMON SHARE

3 Months Ended

Mar. 27, 2022


8.			NET INCOME PER COMMON SHARE

Net income per common share calculated for the first quarter of 2022 and 2021 is as follows:


	First Quarter Ended
(thousands except per share data)	March 27, 2022		March 28, 2021
Numerator:
Net income for basic per share calculation	$	112,673	$	47,513
Effect of interest on potentially dilutive convertible notes, net of tax	317		—
Net income for dilutive per share calculation	$	112,990	$	47,513
Denominator:
Weighted average common shares outstanding - basic	22,517		22,737
Weighted average impact of potentially dilutive convertible notes	2,046		—
Weighted average impact of potentially dilutive securities	319		549
Weighted average common shares outstanding - diluted	24,882		23,286
Net income per common share:
Basic net income per common share	$	5.00	$	2.09
Diluted net income per common share	$	4.54	$	2.04

An immaterial amount of securities was not included in the computation of diluted income per share as they are considered anti-dilutive under the treasury stock method for all periods presented.