Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.23.1
Net Income Per Share
 3 Months Ended
Apr. 01, 2023
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 months ended April 1, 2023 and April 2, 2022, dilutive potential common shares include stock options and unvested restricted stock units. Dilutive 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 months ended April 1, 2023 and April 2, 2022 (in thousands, except share and per share data):
Three Months Ended
April 1, 2023 April 2, 2022
Numerator:
Net income attributable to common stockholders $ 25,982  $ 19,704 
Denominator:
Weighted average number of shares:
Basic 146,703,894  146,561,717 
Adjustment for dilutive securities 48,007  271,172 
Diluted 146,751,901  146,832,889 
Basic net income per share attributable to common stockholders $ 0.18  $ 0.13 
Diluted net income per share attributable to common stockholders $ 0.18  $ 0.13