Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.23.2
Net Income Per Share
 6 Months Ended
Jul. 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 and six months ended July 1, 2023 and July 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 and six months ended July 1, 2023 and July 2, 2022 (in thousands, except share and per share data):
Three Months Ended Six Months Ended
July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022
Numerator:
Net income attributable to common stockholders $ 36,987  $ 22,837  $ 62,969  $ 42,541 
Denominator:
Weighted average number of shares:
Basic 146,765,631  146,575,720  146,734,762  146,568,719 
Adjustment for dilutive securities 6,526  142,217  27,267  79,587 
Diluted 146,772,157  146,717,937  146,762,029  146,648,306 
Basic net income per share attributable to common stockholders $ 0.25  $ 0.16  $ 0.43  $ 0.29 
Diluted net income per share attributable to common stockholders $ 0.25  $ 0.16  $ 0.43  $ 0.29