v3.22.2.2
NET INCOME PER COMMON SHARE
9 Months Ended
Sep. 25, 2022
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE
8. NET INCOME PER COMMON SHARE
Net income per common share calculated for the third quarter and first nine months of 2022 and 2021 is as follows:
 
Third Quarter Ended
Nine Months Ended
(thousands except per share data) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021
Numerator:
Net income for basic per share calculation $ 58,819  $ 57,397  $ 288,016  $ 163,895 
Effect of interest on potentially dilutive convertible notes, net of tax 478  —  1,417  — 
Net income for dilutive per share calculation $ 59,297  $ 57,397  $ 289,433  $ 163,895 
Denominator:
Weighted average common shares outstanding - basic 22,087 22,789 22,274 22,826
Weighted average impact of potentially dilutive convertible notes 2,064 2,053
Weighted average impact of potentially dilutive securities 262 614 246 549
Weighted average common shares outstanding - diluted 24,413 23,403 24,573 23,375
Net income per common share:
Basic net income per common share $ 2.66  $ 2.52  $ 12.93  $ 7.18 
Diluted net income per common share $ 2.43  $ 2.45  $ 11.78  $ 7.01 
An immaterial amount of securities was not included in the computation of diluted income per share as they are considered anti-dilutive under the treasury stock method for all periods presented.