Earnings per Share |
Earnings per Share The following table shows the computation of basic and diluted earnings per share for the three-month and six-month periods ended June 29, 2025 and June 30, 2024 (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three-months Ended | | Six-months Ended | | June 29, 2025 | | June 30, 2024 | | June 29, 2025 | | June 30, 2024 | Net income | 40,511 | | | 36,212 | | | $ | 64,114 | | | $ | 48,234 | | Basic weighted-average common shares outstanding | 167,886 | | | 171,568 | | | 168,568 | | | 171,630 | | Effect of dilutive stock-based awards | 677 | | | 1,165 | | | 985 | | | 1,069 | | Diluted weighted-average common shares outstanding | 168,563 | | | 172,733 | | | 169,553 | | | 172,699 | | Earnings per share | | | | | | | | Basic | 0.24 | | | 0.21 | | | 0.38 | | | 0.28 | | Diluted | 0.24 | | | 0.21 | | | 0.38 | | | 0.28 | |
The computation of diluted weighted-average common shares outstanding excludes the following weighted average anti-dilutive stock-based awards outstanding for the three-month and six-month periods ended June 29, 2025 and June 30, 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three-months Ended | | Six-months Ended | | June 29, 2025 | | June 30, 2024 | | June 29, 2025 | | June 30, 2024 | Stock options | 10,418 | | | 8,325 | | | 10,095 | | | 8,415 | | Restricted stock units | 15 | | | 1 | | | — | | | 9 | | Performance restricted stock units | 184 | | | — | | | — | | | — | | Total weighted average anti-dilutive stock-based awards outstanding | 10,617 | | | 8,326 | | | 10,095 | | | 8,424 | |
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