Common Shares and Net Income per Common Share - (Tables)

3 Months Ended

Mar. 30, 2024

Reconciliation of Numerator and Denominators of Basic and Diluted Net Income Per Common Share

The components of weighted-average basic and diluted shares outstanding are below:


	For the Three Months Ended
(in thousands)		March 30, 2024	April 1, 2023
Weighted-average common shares outstanding - basic		159,573	159,726
Dilutive effect of Stock Options		344	367
Dilutive effect of Performance based RSUs		213	205
Dilutive effect of Time-based RSUs		319	483
Weighted-average common shares outstanding - diluted		160,449	160,781

Summary of the Anti-dilutive Securities Excluded from the Computation of Diluted Net Income Per Common Share

The following table summarizes anti-dilutive securities excluded from the computation of diluted net income per common share for the periods indicated:


	For the Three Months Ended
(in thousands)		March 30, 2024	April 1, 2023
Stock Options		1,345	1,396
Performance-based RSUs 1		1,317	1,230
Time-based RSUs 2		—	—

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1 Performance-based RSUs represent the number of shares expected to be issued based primarily on the estimated achievement of performance targets for these awards.

2 Time-based RSUs represent the number of shares expected to be issued based on known employee retention information.