v3.24.3
Net Income Per Share
 9 Months Ended
Sep. 27, 2024
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Net income per share — basic and diluted, were computed as follows (in thousands, except per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Numerator:
Net income$117,973 $1,041 $381,406 $122,247 
Denominator:
Weighted-average common shares outstanding — basic285,622 315,496 291,865 321,373 
Dilutive securities5,856 3,751 5,129 2,904 
Weighted-average common shares outstanding — diluted291,478 319,247 296,994 324,277 
Net income per share — basic$0.41 $0.00 $1.31 $0.38 
Net income per share — diluted$0.40 $0.00 $1.28 $0.38 
Basic net income per share is computed using the weighted-average number of common shares outstanding during the periods. The diluted net income per share is computed using the weighted-average number of common shares outstanding and dilutive potential common shares outstanding during the periods. Dilutive common shares outstanding includes the dilutive effect of in-the-money options, unvested RSUs (including TSR-based RSUs), unvested PSUs when the performance condition is met and ESPP contributions. The dilutive effect of such equity awards is calculated based on the average share price for each fiscal period using the treasury stock method.
Certain potential common shares were excluded from our calculation of weighted-average common shares outstanding — diluted because either they would have had an anti-dilutive effect on net income per share or they were related to shares from PSUs that were contingently issuable and the contingency had not been satisfied at the end of the reporting period.
The weighted-average potential common shares excluded from our calculation were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Anti-dilutive securities and contingently issuable shares excluded4,040 10,144 7,241 13,164