| Summary of Computation of Basic and Diluted Net Income Per Share |
The following is a computation of basic and diluted net income per share (amounts in thousands, except per share amounts):
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For the three-month periods ended |
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For the six-month periods ended |
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July 4, 2026 |
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June 28, 2025 |
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July 4, 2026 |
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June 28, 2025 |
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Numerator: |
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Net income |
$ |
40,293 |
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$ |
27,025 |
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$ |
81,946 |
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$ |
32,218 |
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Denominator: |
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Weighted average shares of common stock outstanding (1), basic |
|
217,799 |
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|
200,968 |
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|
216,197 |
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|
197,819 |
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Net income per share, basic |
$ |
0.19 |
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$ |
0.13 |
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$ |
0.38 |
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$ |
0.16 |
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Weighted average shares of common stock outstanding (1), diluted |
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224,864 |
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|
210,442 |
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|
223,482 |
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|
206,763 |
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Net income per share, diluted |
$ |
0.18 |
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$ |
0.13 |
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$ |
0.37 |
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$ |
0.16 |
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Dilutive securities outstanding not included in the computation of diluted net income per share, as their effect is antidilutive: |
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RSUs |
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1,011 |
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|
70 |
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|
1,011 |
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|
70 |
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PSUs |
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1,010 |
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- |
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1,010 |
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- |
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Stock options |
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3,206 |
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3,206 |
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|
3,206 |
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|
3,206 |
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(1)The calculation of weighted average shares of common stock outstanding includes all vested deferred restricted stock units.
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