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Net Income Per Share (Tables)
6 Months Ended
Jul. 02, 2024
Earnings Per Share [Abstract]  
Schedule of basic and diluted net income (loss) per share

Thirteen

Thirteen

Twenty-Six

Twenty-Six

Weeks Ended

Weeks Ended

Weeks Ended

Weeks Ended

    

July 2, 2024

    

July 4, 2023

    

July 2, 2024

    

July 4, 2023

(In thousands, except per share data)

Net income

$

52,444

$

42,675

$

85,635

$

70,725

Basic weighted-average shares outstanding

47,702

48,492

47,726

48,593

Dilutive effect of equity awards (1)

1,073

593

959

703

Diluted weighted-average shares outstanding

48,775

49,085

48,685

49,296

Basic net income per share

$

1.10

$

0.88

$

1.79

$

1.46

Diluted net income per share

$

1.08

$

0.87

$

1.76

$

1.43

(1)Shares of common stock equivalents related to outstanding stock options, restricted stock and restricted stock units of 2.6 million for both July 2, 2024 and July 4, 2023, were excluded from the diluted calculation due to their anti-dilutive effect. No shares of common stock equivalents related to the Notes were included in the diluted calculation due to their anti-dilutive effect.