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Basic and Diluted Net Income Per Share | 9 Months Ended
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Sep. 29, 2023
Earnings Per Share [Abstract] |
Basic and Diluted Net Income Per Share | Note 13 — Basic and Diluted Net Income Per Share The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 29, 2023 |  |  | September 30, 2022 |  |  | September 29, 2023 |  |  | September 30, 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 4,817 |  |  | $ | 10,262 |  |  | $ | 13,591 |  |  | $ | 32,902 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares: |  |  |  |  |  |  |  |  |  |  |  |
Common shares outstanding |  |  | 48,625 |  |  |  | 48,106 |  |  |  | 48,438 |  |  |  | 47,919 |
Less: Unvested restricted stock |  |  | (12 | ) |  |  | (4 | ) |  |  | (12 | ) |  |  | (4 | )
Denominator for basic calculation |  |  | 48,613 |  |  |  | 48,102 |  |  |  | 48,426 |  |  |  | 47,915 |
Weighted average effects of potentially diluted common stock: |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 679 |  |  |  | 1,336 |  |  |  | 933 |  |  |  | 1,378 |
Unvested restricted stock |  |  | — |  |  |  | 2 |  |  |  | 3 |  |  |  | 2 |
RSUs |  |  | 17 |  |  |  | 64 |  |  |  | 67 |  |  |  | 55 |
PSUs |  |  | 61 |  |  |  | 45 |  |  |  | 65 |  |  |  | 21 |
Denominator for diluted calculation |  |  | 49,370 |  |  |  | 49,549 |  |  |  | 49,494 |  |  |  | 49,371 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.10 |  |  | $ | 0.21 |  |  | $ | 0.28 |  |  | $ | 0.69 |
Diluted |  | $ | 0.10 |  |  | $ | 0.21 |  |  | $ | 0.27 |  |  | $ | 0.67 |
The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, RSUs and PSUs with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 29, 2023 |  |  | September 30, 2022 |  |  | September 29, 2023 |  |  | September 30, 2022 |
Stock options |  |  | 2,453 |  |  |  | 864 |  |  |  | 1,853 |  |  |  | 865 |
Restricted stock, RSUs and PSUs |  |  | 341 |  |  |  | 2 |  |  |  | 26 |  |  |  | 20 |
Total |  |  | 2,794 |  |  |  | 866 |  |  |  | 1,879 |  |  |  | 885 |

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