v3.24.3
Net Income Per Share
 9 Months Ended
Sep. 29, 2024
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 EndedNine Months Ended
September 29,
2024		October 1,
2023		September 29,
2024		October 1,
2023
Net income$50,224 $58,049 $146,860 $157,502 
Common stock:
Weighted average basic shares outstanding203,264 208,834 204,518 210,668 
Dilutive effect of stock options and restricted shares
990 1,768 1,285 2,185 
Weighted average diluted shares outstanding204,254 210,602 205,803 212,853 
Net income per share:
Basic$.25 $.28 $.72 $.75 
Diluted$.25 $.28 $.71 $.74 

Basic net income per share for the three and nine months ended September 29, 2024 and October 1, 2023 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 8,605 and 7,667 for the three and nine months ended September 29, 2024, respectively, and 5,204 and 4,719 for the three and nine months ended October 1, 2023, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.