XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.2

Earnings Per Share

9 Months Ended

Oct. 02, 2021

Earnings Per Share [Abstract]

Earnings Per Share

9 Earnings Per Share

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

		Three Months Ended October 2, 2021
		Net Income				Weighted- Average Shares				Per Share
		(Numerator)				(Denominator)				Amount
Net income per basic common share		$	161,185				61,359			$	2.63
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities			—				529				(0.03	)
Net income per diluted common share		$	161,185				61,888			$	2.60

		Three Months Ended September 26, 2020
		Net Income (Numerator)				Weighted- Average Shares (Denominator)				Per Share Amount
Net income per basic common share		$	126,769				62,002			$	2.04
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities			—				301				(0.01	)
Net income per diluted common share		$	126,769				62,303			$	2.03

		Nine Months Ended October 2, 2021
		Net Income (Numerator)				Weighted- Average Shares (Denominator)				Per Share Amount
Net income per basic common share		$	476,604				61,771			$	7.72
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities			—				473				(0.06	)
Net income per diluted common share		$	476,604				62,244			$	7.66

		Nine Months Ended September 26, 2020
		Net Income (Numerator)				Weighted- Average Shares (Denominator)				Per Share Amount
Net income per basic common share		$	303,260				62,057			$	4.89
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities			—				314				(0.03	)
Net income per diluted common share		$	303,260				62,371			$	4.86

For the three and nine months ended October 2, 2021 and September 26, 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.

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration