Earnings Per Share

9 Months Ended

Sep. 28, 2025

Basic earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding during the period less restricted unvested shares. Diluted earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding plus all potentially dilutive common stock equivalents,

primarily shares issuable upon the exercise of stock options using the treasury stock method. The following table reconciles the number of shares utilized in the earnings per share calculations:


	Three Months Ended		Nine Months Ended
	September 28, 2025	September 29, 2024	September 28, 2025	September 29, 2024
	(In thousands)
Number of common shares—basic	115,411	122,810	117,686	123,198
Effect of dilutive securities:
Stock options	5	56	17	54
Restricted stock awards	47	160	32	84
Number of common shares—diluted	115,463	123,026	117,735	123,336
Number of potentially dilutive securities excluded from calculation due to antidilutive impact	1,364	949	1,235	2,979

Antidilutive securities include outstanding stock options with exercise prices and average unrecognized compensation cost in excess of the average fair market value of common stock for the related period. Antidilutive options were excluded from the calculation of diluted net income per share and could become dilutive in the future.