v3.24.1.u1
Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Summary of Reconciliation of Numerators and Denominators of Basic and Diluted Net Income Per Share
A reconciliation of the numerators and denominators of the basic and diluted net income per share calculations is as follows (in thousands, except per share amounts):
Thirteen weeks ended
March 31, 2024April 2, 2023
Basic net income per share:
Net income$114,100 $76,160 
Weighted average shares outstanding - basic101,071103,827
Basic net income per share$1.13 $0.73 
Diluted net income per share:
Net income$114,100 $76,160 
Weighted average shares outstanding - basic101,071103,827
Dilutive effect of share-based awards:
Assumed exercise of options to purchase shares404395
RSUs549481
PSAs—173
Weighted average shares and equivalent shares outstanding - diluted102,024104,876
Diluted net income per share$1.12 $0.73