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Earnings Per Share (Tables)
3 Months Ended
Mar. 27, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic Earnings per Share and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

Three Months Ended

 

(in thousands, except per share data)

 

March 27, 2021

 

 

March 28, 2020

 

Numerator

 

 

 

 

 

 

 

 

Net income

 

$

32,730

 

 

$

22,775

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average basic shares outstanding

 

 

32,048

 

 

 

32,354

 

Effect of stock-based compensation awards

 

 

136

 

 

 

72

 

Weighted average diluted shares outstanding

 

 

32,184

 

 

 

32,426

 

Earnings Per Share:

 

 

 

 

 

 

 

 

Basic

 

$

1.02

 

 

$

0.70

 

Diluted

 

$

1.02

 

 

$

0.70