Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.24.2.u1
Net Income Per Share
 6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. For the six month periods ended June 29, 2024 and July 1, 2023, dilutive potential common shares include stock options and unvested restricted stock units. Dilutive earnings per share (“EPS”) excludes all common shares if their effect is anti-dilutive.
The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the three and six month periods ended June 29, 2024 and July 1, 2023:
Three Months Ended Six Months Ended
 (in millions, except share and per share data)
 June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023
Numerator:
Net income attributable to common stockholders $ 27.6  $ 37.0  $ 58.3  $ 63.0 
Denominator:
Weighted average number of shares:
Basic 145,857,673  146,765,631  146,230,907  146,734,762 
Adjustment for dilutive securities 577,450  6,526  509,760  27,267 
Diluted 146,435,123  146,772,157  146,740,667  146,762,029 
Basic net income per share attributable to common stockholders $ 0.19  $ 0.25  $ 0.40  $ 0.43 
Diluted net income per share attributable to common stockholders $ 0.19  $ 0.25  $ 0.40  $ 0.43