Annual report [Section 13 and 15(d), not S-K Item 405]

Net Income Per Share

v3.25.4
Net Income Per Share
 12 Months Ended
Jan. 03, 2026
Earnings Per Share [Abstract]  
Net Income Per Share
16. 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 years ended January 3, 2026, December 28, 2024, and December 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 periods presented:

Year Ended
(amounts in millions, except share and per share data)
 January 3, 2026 December 28, 2024 December 30, 2023
Numerator:
Net income attributable to common stockholders $ 53.8  $ 70.4  $ 135.7 
Denominator:
Weighted average number of shares:
Basic 139,314,509  144,256,152  146,782,101 
Adjustment for dilutive securities 428,175  542,948  99,956 
Diluted 139,742,684  144,799,100 146,882,057
Basic net income per share attributable to common stockholders $ 0.39  $ 0.49  $ 0.92 
Diluted net income per share attributable to common stockholders $ 0.38  $ 0.49  $ 0.92