Net Income Per Share

6 Months Ended

Jul. 03, 2026

Note 4: Net Income Per Share

Basic per share amounts are computed using the weighted-average number of shares of common stock outstanding during the period. Diluted per share amounts are calculated using the weighted-average number of shares of common stock outstanding during the period and, when dilutive, the weighted-average number of potential shares of common stock from the issuance of common stock to satisfy outstanding restricted stock units and the exercise of outstanding options to purchase common stock using the treasury stock method.

The following schedule reconciles the shares used to calculate basic and diluted net income per share:


	Three Months Ended				Six Months Ended
(In thousands)	July 3, 2026		July 4, 2025		July 3, 2026		July 4, 2025
Shares used in basic per share computation		48,753		51,185		49,271		51,234
Effect of dilutive common stock options outstanding		8		82		28		93
Effect of dilutive restricted stock units outstanding		226		235		272		260
Shares used in diluted per share computation		48,987		51,502		49,571		51,587

Common stock options to purchase 296,933 shares and 175,833 shares were excluded from the diluted per share calculation for the three months ended July 3, 2026 and July 4, 2025, respectively, due to their anti-dilutive effect. Common stock options to purchase 296,933 shares and 135,833 shares were excluded from the diluted per share calculation for the six months ended July 3, 2026 and July 4, 2025, respectively, due to their anti-dilutive effect.