v3.23.2
Net Income Per Share
 6 Months Ended
Jul. 02, 2023
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The calculation of basic and diluted net income per share was as follows:
Three Months EndedSix Months Ended
July 2,
2023		July 3,
2022		July 2,
2023		July 3,
2022
Net income$59,632 $48,151 $99,453 $85,553 
Common stock:
Weighted average basic shares outstanding210,624 213,673 211,585 214,646 
Dilutive effect of stock options and restricted shares
2,304 1,569 2,393 2,058 
Weighted average diluted shares outstanding212,928 215,242 213,978 216,704 
Net income per share:
Basic$.28 $.23 $.47 $.40 
Diluted$.28 $.22 $.46 $.39 

Basic net income per share for the three and six months ended July 2, 2023 and July 3, 2022 was computed by dividing net income amounts by the weighted average number of shares of common stock outstanding. Diluted net income per share was computed by dividing net income by the weighted average number of basic shares outstanding plus the potential common share effect of dilutive stock options and restricted shares. We excluded potential common shares of 4,420 and 4,476 for the three and six months ended July 2, 2023, respectively, and 5,538 and 4,417 for the three and six months ended July 3, 2022, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.