v3.25.2
Net Income Per Share
 6 Months Ended
Jul. 04, 2025
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Net income per share — basic and diluted, were computed as follows (in thousands, except per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Numerator:
Net income$184,848 $226,116 $344,464 $263,433 
Denominator:
Weighted-average common shares outstanding — basic272,583 289,216 275,693 294,986 
Dilutive securities11,810 4,758 10,592 4,766 
Weighted-average common shares outstanding — diluted284,393 293,974 286,285 299,752 
Net income per share — basic$0.68 $0.78 $1.25 $0.89 
Net income per share — diluted$0.65 $0.77 $1.20 $0.88 
Basic net income per share is computed using the weighted-average number of common shares outstanding during the periods. The diluted net income per share is computed using the weighted-average number of common shares outstanding and dilutive potential common shares outstanding during the periods. Dilutive common shares outstanding includes the dilutive effect of in-the-money options, unvested RSUs (including market conditions-based RSUs), unvested PSUs when the performance condition is met and ESPP contributions. The dilutive effect of such equity awards is calculated based on the average share price for each fiscal period using the treasury stock method.
Certain potential common shares were excluded from our calculation of weighted-average common shares outstanding — diluted because either they would have had an anti-dilutive effect on net income per share or they were related to shares from PSUs or from market conditions-based RSUs that were contingently issuable, and the contingency had not been satisfied at the end of the reporting period.
The weighted-average potential common shares excluded from our calculation were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Anti-dilutive securities and contingently issuable shares excluded1,890 8,788 1,718 8,840