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Earnings Per Share | 9 Months Ended
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Sep. 28, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 12. Earnings Per Share Basic earnings per share is calculated using the weighted average number of shares of common stock outstanding during the period. Restricted stock units, employee stock purchase grants and stock options are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive. The Company’s basic and diluted earnings per share amounts are as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 28, |  |  | September 30, |  |  | September 28, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 53,051 |  |  | $ | 35,886 |  |  | $ | 152,853 |  |  | $ | 90,850 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share - weighted average shares outstanding |  |  | 49,426 |  |  |  | 49,043 |  |  |  | 49,333 |  |  |  | 48,933 |
Effect of potential dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted stock units and employee stock purchase grants - dilutive shares |  |  | 268 |  |  |  | 358 |  |  |  | 336 |  |  |  | 326 |
Diluted earnings per share - weighted average shares outstanding |  |  | 49,694 |  |  |  | 49,401 |  |  |  | 49,669 |  |  |  | 49,259 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.07 |  |  | $ | 0.73 |  |  | $ | 3.10 |  |  | $ | 1.86 |
Diluted |  | $ | 1.07 |  |  | $ | 0.73 |  |  | $ | 3.08 |  |  | $ | 1.84 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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