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EARNINGS PER SHARE
9 Months Ended
Oct. 05, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share is calculated by dividing net income by the weighted average shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of outstanding equity awards for the period using the treasury-stock method.
The following table sets forth the computation of earnings per common share:
Twelve Weeks EndedForty Weeks Ended
(in thousands, except per share amounts)October 5,
2025
October 6,
2024
October 5,
2025
October 6,
2024
Net income$14,747 $17,966 $58,822 $51,700 
Weighted-average shares outstanding:
Basic115,960 114,434 115,733 114,158 
Dilutive awards2,311 3,996 2,623 4,033 
Diluted118,271118,430118,356 118,191
Earnings per common share:
Basic$0.13 $0.16 $0.51 $0.45 
Diluted$0.12 $0.15 $0.50 $0.44 
The following equity awards were excluded from the calculation of diluted earnings per share:
Twelve Weeks EndedForty Weeks Ended
(in thousands)October 5,
2025
October 6,
2024
October 5,
2025
October 6,
2024
Options to purchase common stock94 — 80 
RSUs120 — 99 
Total common stock equivalents214 — 179