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Income per Share
 9 Months Ended
Oct. 02, 2021
Earnings Per Share [Abstract]  
Income per Share Income per Share
We 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 nine month periods ended October 2, 2021, and September 26, 2020, were as follows:
Three Months EndedNine Months Ended
October 2, 2021September 26, 2020October 2, 2021September 26, 2020
(In thousands, except per share data)(In thousands, except per share data)
Net income$47,198 $55,116 $222,516 $61,024 
Weighted average shares outstanding - basic9,721 9,461 9,579 9,408 
Dilutive effect of share-based awards232 170 135 11 
Weighted average share outstanding - diluted9,953 9,631 9,714 9,419 
Basic income per share$4.85 $5.83 $23.23 $6.49 
Diluted income per share$4.74 $5.72 $22.91 $6.48