Quarterly report [Sections 13 or 15(d)]

Net Income Per Share

v3.25.3
Net Income Per Share
 9 Months Ended
Sep. 27, 2025
Earnings Per Share [Abstract]  
Net Income Per Share
15. 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 nine month periods ended September 27, 2025 and September 28, 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:

Three Months Ended Nine Months Ended
(amounts in millions, except share and per share data)
 September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024
Numerator:
Net income attributable to common stockholders $ 15.2  $ 11.8  $ 46.7  $ 70.1 
Denominator:
Weighted average number of shares:
Basic 138,869,081  143,666,406  139,490,841  145,376,074 
Adjustment for dilutive securities 566,297  614,846  412,480  544,789 
Diluted 139,435,378  144,281,252  139,903,321  145,920,863
Basic net income per share attributable to common stockholders $ 0.11  $ 0.08  $ 0.33  $ 0.48 
Diluted net income per share attributable to common stockholders $ 0.11  $ 0.08  $ 0.33  $ 0.48