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Income per Share
 6 Months Ended
Jul. 03, 2021
Earnings Per Share [Abstract]  
Income per Share Income per ShareWe calculate basic income per share by dividing net income by the weighted average number of common shares outstanding. We calculate diluted income per share using the treasury stock method, by dividing net income by the weighted average number of common shares outstanding plus the dilutive effect of outstanding share-based awards, including restricted stock units.
The reconciliation of basic net income and diluted net income per common share for the three- and six-month periods ended July 3, 2021, and June 27, 2020, were as follows:
Three Months EndedSix Months Ended
July 3, 2021June 27, 2020July 3, 2021June 27, 2020
(In thousands, except per share data)(In thousands, except per share data)
Net income$113,458 $6,695 $175,318 $5,908 
Weighted average shares outstanding - basic9,549 9,395 9,507 9,381 
Dilutive effect of share-based awards226 7 150 2 
Weighted average share outstanding - diluted9,775 9,402 9,657 9,383 
Basic income per share$11.88 $0.71 $18.44 $0.63 
Diluted income per share$11.61 $0.71 $18.15 $0.63