XML 29 R17.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Net Income Per Share
 3 Months Ended
Mar. 29, 2024
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Net income per share — basic and diluted, were computed as follows (in thousands, except per share amounts):
Three Months Ended March 31,
20242023
Numerator:
Net income$37,317 $40,028 
Denominator:
Weighted-average common shares outstanding — basic300,757 324,420 
Dilutive securities4,773 1,859 
Weighted-average common shares outstanding — diluted305,530 326,279 
Net income per share — basic$0.12 $0.12 
Net income per share — diluted$0.12 $0.12 
Basic net income per share is computed using the weighted-average number of common shares outstanding during the period. The diluted net income per share is computed using the weighted-average number of shares and dilutive potential common shares outstanding during the period. Dilutive shares outstanding includes the dilutive effect of in-the-money options, unvested RSUs (including TSR-based RSUs), unvested PSUs when the performance condition is met and ESPP contributions. The dilutive effect of such equity awards is calculated based on the average share price for each fiscal period using the treasury stock method.
Certain potential common shares were excluded from our calculation of weighted-average common shares outstanding — diluted because either they would have had an anti-dilutive effect on net income per share or they were related to shares from PSUs that were contingently issuable and the contingency had not been satisfied at the end of the reporting period.
The weighted-average potential common shares excluded from our calculation were as follows (in thousands):
Three Months Ended March 31,
20242023
Anti-dilutive securities and contingently issuable shares excluded8,893 15,592