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EARNINGS PER SHARE | 3 Months Ended
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Apr. 01, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted income per share includes the effect of all potentially dilutive securities, which include dilutive stock options and other stock-based awards. The following table sets forth the calculation of earnings per share and weighted-average common shares outstanding at the dates indicated (in thousands, except per share data):
| Three Months Ended |  |
| April 1, 2023 |  | April 2, 2022 |  |  |  |
Net income | $ | 10,564 |  |  | $ | 25,659 |  |  |  |  |
Weighted-average common shares outstanding—basic | 86,529 |  |  | 87,368 |  |  |  |  |
Effect of dilutive securities | 557 |  |  | 855 |  |  |  |  |
Weighted-average common shares outstanding—diluted | 87,086 |  |  | 88,223 |  |  |  |  |
Earnings per share |  |  |  |  |  |  |
Basic | $ | 0.12 |  |  | $ | 0.29 |  |  |  |  |
Diluted | $ | 0.12 |  |  | $ | 0.29 |  |  |  |  |
Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For the three months ended April 1, 2023 and April 2, 2022, outstanding stock-based awards representing 0.3 million and less than 0.1 million shares of common stock, respectively, were excluded from the calculation of diluted earnings per share, because their effect would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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