Quarterly report [Sections 13 or 15(d)]

Net Income Per Share

v3.25.2
Net Income Per Share
 6 Months Ended
Jun. 28, 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 and six month periods ended June 28, 2025 and June 29, 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 periods presented:
 (amounts in millions, except share and per share data) Three Months Ended Six Months Ended
June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024
Numerator:
Net income attributable to common stockholders $ 20.7  $ 27.6  $ 31.5  $ 58.3 
Denominator:
Weighted average number of shares:
Basic 139,552,809  145,857,673  139,801,720  146,230,907 
Adjustment for dilutive securities 451,281  577,450  335,572  509,760 
Diluted 140,004,090  146,435,123  140,137,292  146,740,667 
Basic net income per share attributable to common stockholders $ 0.15  $ 0.19  $ 0.23  $ 0.40 
Diluted net income per share attributable to common stockholders $ 0.15  $ 0.19  $ 0.22  $ 0.40