Net (Loss)/Income Per Share (Tables)

3 Months Ended

Apr. 04, 2023

Net (Loss)/Income Per Share

Schedule of basic and diluted net income per share

	Thirteen		Thirteen
	Weeks Ended		Weeks Ended
	April 4, 2023		March 29, 2022
	(In thousands, except per share data)
Net income	$	28,050	$	23,163
Basic weighted-average shares outstanding		48,694		50,333
Dilutive effect of equity awards (1)		1,084		680
Diluted weighted-average shares outstanding		49,778		51,013
Basic net income per share	$	0.58	$	0.46
Diluted net income per share	$	0.56	$	0.45

(1) Shares of common stock equivalents related to outstanding stock options, restricted stock and restricted stock units of 1.9 million and 2.9 million for April 4, 2023 and March 29, 2022, respectively, were excluded from the diluted calculation due to their anti-dilutive effect. No shares of common stock equivalents related to the Notes were included in the diluted calculation due to their anti-dilutive effect.