EARNINGS PER SHARE

3 Months Ended

Apr. 04, 2026

Basic income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted income per share includes the effect of all potentially dilutive securities, which includes dilutive stock options and other stock-based awards.

The following table sets forth the calculation of earnings per share and weighted-average common shares outstanding at the dates indicated (in thousands, except per share data):


	Three Months Ended
	April 4, 2026		March 29, 2025
Net income	$	9,851	$	16,609

Weighted-average common shares outstanding—basic	75,319		82,598
Effect of dilutive securities	1,428		945
Weighted-average common shares outstanding—diluted	76,747		83,543

Earnings per share
Basic	$	0.13	$	0.20
Diluted	$	0.13	$	0.20

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For the three months ended April 4, 2026 and March 29, 2025, outstanding stock-based awards representing 0.8 million and 1.0 million shares, respectively, of common stock were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive.