Earnings Per Share

6 Months Ended

Jul. 03, 2021

9 Earnings Per Share

Basic and diluted EPS calculations are detailed as follows (in thousands, except per share data):


	Three Months Ended July 3, 2021
	Net Income (Numerator)		Weighted- Average Shares (Denominator)		Per Share Amount
Net income per basic common share	$	167,292		61,685	$	2.71
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		472		(0.02	)

Net income per diluted common share	$	167,292		62,157	$	2.69


	Three Months Ended June 27, 2020
	Net Income (Numerator)		Weighted- Average Shares (Denominator)		Per Share Amount
Net income per basic common share	$	122,929		61,944	$	1.98
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		240		—

Net income per diluted common share	$	122,929		62,184	$	1.98


	Six Months Ended July 3, 2021
	Net Income (Numerator)		Weighted- Average Shares (Denominator)		Per Share Amount
Net income per basic common share	$	315,419		61,979	$	5.09
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		456		(0.04	)

Net income per diluted common share	$	315,419		62,435	$	5.05


	Six Months Ended June 27, 2020
	Net Income (Numerator)		Weighted- Average Shares (Denominator)		Per Share Amount
Net income per basic common share	$	176,491		62,085	$	2.84
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		319		(0.01	)

Net income per diluted common share	$	176,491		62,404	$	2.83

For the three and six months ended July 3, 2021 and June 27, 2020, the Company had fewer than one million stock options that were antidilutive due to having higher exercise prices than the Company’s average stock price during the applicable period. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.