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Income Per Share
 3 Months Ended
Apr. 01, 2023
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-month periods ended April 1, 2023 and April 2, 2022 were as follows:
Three Months Ended
April 1, 2023April 2, 2022
(In thousands, except per share data)
Net income$17,812 $133,409 
Weighted-average shares outstanding - basic9,059 9,720 
Dilutive effect of share-based awards98 393 
Weighted-average shares outstanding - diluted9,157 10,113 
Basic income per share$1.96 $13.72 
Diluted income per share$1.94 $13.19 
Approximately 78,000 and 3,000 weighted-average share-based awards were excluded from the computation of earnings per share assuming dilution during the three months ended April 1, 2023 and April 2, 2022, respectively, as the awards would have been anti-dilutive for the periods presented.