Earnings Per Share

3 Months Ended

Apr. 03, 2021

9 Earnings Per Share

Basic and diluted EPS calculations are detailed as follows (in thousands, except per share data):


	Three Months Ended April 3, 2021
	Net Income (Numerator)		Weighted- Average Shares (Denominator)		Per Share Amount
Net income per basic common share	$	148,127		62,260	$	2.38
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		372		(0.01	)

Net income per diluted common share	$	148,127		62,632	$	2.37


	Three Months Ended March 28, 2020
	Net Income (Numerator)		Weighted- Average Shares (Denominator)		Per Share Amount
Net income per basic common share	$	53,562		62,232	$	0.86
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		394		—

Net income per diluted common share	$	53,562		62,626	$	0.86

For the three

months

ended April 3, 2021 and March 28, 2020, the Company had 0.1 million and 0.2 million stock options that were antidilutive, respectively, due to having higher exercise prices than the Company’s average stock price during the period. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.