The following table sets forth the computation of basic and diluted net income per common share:
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For the Three Months
Ended |
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For the Six Months
Ended |
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June 29,
2025 |
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June 30,
2024 |
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June 29,
2025 |
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June 30,
2024 |
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(in thousands, except per share amounts) |
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(in thousands, except per share amounts) |
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Net income for basic and diluted net income per share |
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$ |
78,372 |
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$ |
186,273 |
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$ |
177,269 |
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$ |
250,470 |
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Weighted average common shares-basic |
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159,967 |
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157,804 |
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160,734 |
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155,426 |
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Effect of dilutive potential common shares: |
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Convertible note hedge warrant shares (1) |
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— |
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4,930 |
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— |
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6,896 |
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Restricted stock units |
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160 |
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726 |
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302 |
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573 |
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Stock options |
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2 |
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9 |
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3 |
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12 |
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Employee stock purchase plan |
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6 |
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1 |
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26 |
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2 |
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Dilutive potential common shares |
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168 |
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5,666 |
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331 |
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7,483 |
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Weighted average common shares-diluted |
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160,135 |
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163,470 |
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161,065 |
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162,909 |
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Net income per common share-basic |
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$ |
0.49 |
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$ |
1.18 |
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$ |
1.10 |
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$ |
1.61 |
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Net income per common share-diluted |
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$ |
0.49 |
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$ |
1.14 |
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$ |
1.10 |
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$ |
1.54 |
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(1)Convertible notes hedge warrant shares were calculated using the difference between the average Teradyne stock price for the period and the warrant price, multiplied by the number of warrant shares. The result of this calculation, representing the total intrinsic value of the warrant, was divided by the average Teradyne stock price for the period.
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