Basic earnings per share is calculated using the weighted average number of shares of common stock outstanding during the period. Restricted stock units and employee stock purchase grants are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive. For the three months ended March 31, 2026 and March 29, 2025, 23 thousand and 19 thousand, respectively, restricted stock units were excluded from the computation of diluted earnings per share as their impact would have been antidilutive.

The Company’s basic and diluted earnings per share amounts are as follows:


	Three Months Ended
	March 31,		March 29,
	2026		2025
	(in thousands, except for per share data)
Numerator:
Net income	$	33,750	$	64,095
Denominator:
Basic earnings per share - weighted average shares outstanding		49,742		49,180
Effect of potential dilutive securities:
Restricted stock units and employee stock purchase grants - dilutive shares		262		228
Diluted earnings per share - weighted average shares outstanding		50,004		49,408
Earnings per share:
Basic	$	0.68	$	1.30
Diluted	$	0.67	$	1.30