Basic earnings per share was calculated by dividing our net income by the weighted average number of shares of common stock outstanding during the period. To calculate diluted earnings per share, common stock equivalents are added to the weighted average number of shares of common stock outstanding. Common stock equivalents are calculated using the treasury stock method and are computed based on outstanding stock-based awards.

For the three months ended September 26, 2026, and September 27, 2025, there were approximately 200 shares and 20,000 shares, respectively, and for the nine months ended September 26, 2026, and September 27, 2025, there were approximately 54,000 shares and 62,000 shares, respectively, that were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive.

The following table sets forth the computation of basic earnings per share and diluted earnings per share:


	Three Months Ended				Nine Months Ended
(in thousands, except per share data)	September 26, 2026		September 27, 2025		September 26, 2026		September 27, 2025
Numerator:
Net income	$	59,175	$	76,420	$	190,497	$	192,634
Denominator:
Weighted average basic shares outstanding	29,655		30,546		29,910		30,546
Effect of stock-based compensation awards	205		236		178		211
Weighted average diluted shares outstanding	29,860		30,782		30,088		30,757
Earnings Per Share:
Basic	$	2.00	$	2.50	$	6.37	$	6.31
Diluted	$	1.98	$	2.48	$	6.33	$	6.26