v3.25.2
Net Income Per Share
6 Months Ended
Jul. 04, 2025
Earnings Per Share [Abstract]  
Net Income Per Share

Note 4: Net Income Per Share

Basic per share amounts are computed using the weighted-average number of shares of common stock outstanding during the period. Diluted per share amounts are calculated using the weighted-average number of shares of common stock outstanding during the period and, when dilutive, the weighted-average number of potential shares of common stock from the issuance of common stock to satisfy outstanding restricted stock units and the exercise of outstanding options to purchase common stock using the treasury stock method.

The following schedule reconciles the shares used to calculate basic and diluted net income per share:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 4,
2025

 

 

June 28,
2024

 

 

July 4,
2025

 

 

June 28,
2024

 

Shares used in basic per share computation

 

 

51,185

 

 

 

51,111

 

 

 

51,234

 

 

 

51,059

 

Effect of dilutive common stock options
   outstanding

 

 

82

 

 

 

174

 

 

 

93

 

 

 

169

 

Effect of dilutive restricted stock units
   outstanding

 

 

235

 

 

 

232

 

 

 

260

 

 

 

247

 

Shares used in diluted per share
   computation

 

 

51,502

 

 

 

51,517

 

 

 

51,587

 

 

 

51,475

 

Common stock options to purchase 175,833 shares and 63,333 shares were excluded from the diluted per share calculation for the three months ended July 4, 2025 and June 28, 2024, respectively, due to their anti-dilutive effect. Common stock options to purchase 135,833 shares and 100,833 shares were excluded from the diluted per share calculation for the six months ended July 4, 2025 and June 28, 2024, respectively, due to their anti-dilutive effect.