The following table shows the computation of basic and diluted earnings per share for the three-month and six-month periods ended July 5, 2026 and June 29, 2025 (in thousands, except per share amounts):


	Three-months Ended				Six-months Ended
	July 5, 2026		June 29, 2025		July 5, 2026		June 29, 2025
Net income	$	72,756	$	40,511	$	124,460	$	64,114
Basic weighted-average common and common-equivalent shares outstanding	167,346		167,886		166,921		168,568
Effect of dilutive stock-based awards	2,643		677		2,245		985
Diluted weighted-average common and common-equivalent shares outstanding	169,989		168,563		169,166		169,553
Earnings per share
Basic	0.43		0.24		0.75		0.38
Diluted	0.43		0.24		0.74		0.38

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 July 5, 2026 and June 29, 2025 (in thousands):


	Three-months Ended		Six-months Ended
	July 5, 2026	June 29, 2025	July 5, 2026	June 29, 2025
Stock options	1,776	10,418	2,661	10,095
Restricted stock units	6	15	4	—
Performance restricted stock units	—	184	—	—
Total weighted average anti-dilutive stock-based awards outstanding	1,782	10,617	2,665	10,095