Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.24.3
Net Income Per Share
 9 Months Ended
Sep. 28, 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 nine month periods ended September 28, 2024 and September 30, 2023, dilutive potential common shares include stock options and unvested RSUs. 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 nine month periods ended September 28, 2024 and September 30, 2023:
 (amounts in millions, except share and per share data) Three Months Ended Nine Months Ended
September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023
Numerator:
Net income attributable to common stockholders $ 11.8  $ 37.0  $ 70.1  $ 100.0 
Denominator:
Weighted average number of shares:
Basic 143,666,406  146,827,175  145,376,074  146,765,567 
Adjustment for dilutive securities 614,846  166,690  544,789  73,741 
Diluted 144,281,252  146,993,865  145,920,863  146,839,308 
Basic net income per share attributable to common stockholders $ 0.08  $ 0.25  $ 0.48  $ 0.68 
Diluted net income per share attributable to common stockholders $ 0.08  $ 0.25  $ 0.48  $ 0.68