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Earnings Per Share (Tables)
 6 Months Ended
Jun. 29, 2020
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used to Calculate Basic Earnings per Share and Diluted Earnings per Share from Continuing Operations

The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share from continuing operations for the quarter and two quarters ended June 29, 2020 and July 1, 2019:

 

 

 

Quarter Ended

 

 

Two Quarters Ended

 

 

 

June 29, 2020

 

 

July 1, 2019

 

 

June 29, 2020

 

 

July 1, 2019

 

 

 

(In thousands, except per share amounts)

 

Basic earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings

 

$

9,346

 

 

$

12,493

 

 

$

6,126

 

 

$

18,731

 

Diluted earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

9,346

 

 

$

12,493

 

 

$

6,126

 

 

$

18,731

 

Interest expense from Convertible Senior Notes, net of tax

 

 

—

 

 

 

2,780

 

 

 

—

 

 

 

—

 

Diluted earnings

 

$

9,346

 

 

$

15,273

 

 

$

6,126

 

 

$

18,731

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

106,295

 

 

 

105,470

 

 

 

105,990

 

 

 

104,893

 

Dilutive effect of performance-based restricted stock units,

   restricted stock units and stock options

 

 

1,190

 

 

 

637

 

 

 

1,441

 

 

 

967

 

Dilutive effect of assumed conversion of

   Convertible Senior Notes outstanding

 

 

—

 

 

 

25,938

 

 

 

—

 

 

 

—

 

Diluted shares

 

 

107,485

 

 

 

132,045

 

 

 

107,431

 

 

 

105,860

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.09

 

 

$

0.12

 

 

$

0.06

 

 

$

0.18

 

Diluted

 

$

0.09

 

 

$

0.12

 

 

$

0.06

 

 

$

0.18