Quarterly report [Sections 13 or 15(d)]

Net Income Per Share

v3.25.1
Net Income Per Share
 3 Months Ended
Mar. 29, 2025
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 three month periods ended March 29, 2025 and March 30, 2024, 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 month periods ended March 29, 2025 and March 30, 2024:
 (amounts in millions, except share and per share data) Three Months Ended
March 29, 2025 March 30, 2024
Numerator:
Net income attributable to common stockholders $ 10.8  $ 30.7 
Denominator:
Weighted average number of shares:
Basic 140,050,632  146,604,142 
Adjustment for dilutive securities 219,862  442,070 
Diluted 140,270,494  147,046,212 
Basic net income per share attributable to common stockholders $ 0.08  $ 0.21 
Diluted net income per share attributable to common stockholders $ 0.08  $ 0.21