Income per Share

3 Months Ended

Mar. 29, 2026

The following table presents the basis for the income per share computations:


	Three Months Ended
	March 29, 2026		March 30, 2025

	(In thousands)
Numerator:
Net income	$	51,027	$	51,937





Denominator:
Weighted average shares outstanding, basic	38,814		40,166
Effect of dilutive common stock equivalents	581		678
Weighted average shares outstanding, diluted	39,395		40,844

For each of the three months ended March 29, 2026 and March 30, 2025, diluted weighted average shares outstanding did not include outstanding equity awards of 0.1 million because they were anti-dilutive.

In addition, for the three months ended March 29, 2026 and March 30, 2025, diluted weighted average shares outstanding do not include outstanding equity awards of 0.2 million and 0.3 million, respectively, because the related performance conditions have not been satisfied.

For purposes of calculating basic earnings per share, unvested restricted stock units are not included in the calculation of basic weighted average shares outstanding until all necessary conditions have been satisfied and issuance of the shares underlying the restricted stock units is no longer contingent. Necessary conditions are not satisfied until the vesting date, at which time holders of our restricted stock units receive shares of our common stock. For purposes of calculating diluted earnings per share, unvested restricted stock units are included to the extent that they are dilutive. In determining whether unvested restricted stock units are dilutive, each issuance of restricted stock units is considered separately. Once a restricted stock unit has vested, it is included in the calculation of both basic and diluted weighted average shares outstanding.