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Net Income Per Share
 12 Months Ended
Jan. 03, 2025
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):
 Year Ended December 31,
 202420232022
Numerator:
Net income$521,267 $207,765 $182,282 
Denominator:
Weighted-average common shares outstanding - basic290,030 318,151 321,526 
Dilutive securities6,102 3,313 3,030 
Weighted-average common shares outstanding - diluted296,132 321,464 324,556 
Net income per share - basic$1.80 $0.65 $0.57 
Net income per share - diluted$1.76 $0.65 $0.56 
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, and unvested PSUs when the performance condition is met. 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 and RSUs with market conditions that were contingently issuable and the contingency had not been satisfied at the end of the reporting period. See “Note 9. Stockholders’ Equity” for a further description of our equity awards.
The weighted-average potential common shares excluded from our calculation were as follows (in thousands):
 
Year Ended December 31,
 
202420232022
Anti-dilutive securities and contingently issuable shares excluded5,708 11,703 17,063