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Net Income Per Share | 6 Months Ended
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Jul. 01, 2025
Earnings Per Share [Abstract] |
Net Income Per Share | 5. NET INCOME PER SHARE Basic and diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. The number of diluted shares reflects the potential dilution that could occur if holders of in-the-money options and warrants were to exercise their right to convert these instruments into common stock and unvested restricted stock units (“RSUs”) were to vest. Additionally, performance-based restricted stock units (“RSUs”) are considered contingent shares; therefore, at each reporting date we determine the probable number of shares that will vest and include these contingently issuable shares in our diluted share calculation unless they are anti-dilutive. Once these performance-based RSUs vest, they are included in our basic net income per share calculation. The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards included in the dilutive net income per share com putation (in thousands):
|  | For the Thirteen Weeks Ended |  |  | For the Twenty-Six Weeks Ended |
|  | July 1, 2025 |  |  | July 2, 2024 |  |  | July 1, 2025 |  |  | July 2, 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 22,208 |  |  | $ | 17,157 |  |  | $ | 35,700 |  |  | $ | 24,880 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding – basic |  |  | 22,220 |  |  |  | 23,309 |  |  |  | 22,452 |  |  |  | 23,313 |
Dilutive effect of equity awards |  |  | 742 |  |  |  | 612 |  |  |  | 678 |  |  |  | 641 |
Weighted-average shares outstanding – diluted |  |  | 22,962 |  |  |  | 23,921 |  |  |  | 23,130 |  |  |  | 23,954 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.00 |  |  | $ | 0.74 |  |  | $ | 1.59 |  |  | $ | 1.07 |
Diluted |  | $ | 0.97 |  |  | $ | 0.72 |  |  | $ | 1.54 |  |  | $ | 1.04 |
For each of the thirteen weeks ended July 1, 2025 and July 2, 2024, there wer e approximately 0.4 million and 1.0 million, respectively, of common stock equivalents that have been excluded from the calculation of diluted net income per share because they are anti-dilutive. For each of the twenty-six weeks ended July 1, 2025 and July 2, 2024, there were approximately 0.6 million and 1.0 million, respectively, of common stock equivalents that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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