Earnings Per Share

3 Months Ended

Apr. 02, 2022

10 Earnings Per Share

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


	Three Months Ended April 2, 2022
	Net Income		Weighted- Average Shares		Per Share
	(Numerator)		(Denominator)		Amount
Net income per basic common share	$	159,831		60,580	$	2.64
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		372		(0.02	)

Net income per diluted common share	$	159,831		60,952	$	2.62


	Three Months Ended April 3, 2021
	Net Income		Weighted- Average Shares		Per Share
	(Numerator)		(Denominator)		Amount
Net income per basic common share	$	148,127		62,260	$	2.38
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		372		(0.01	)

Net income per diluted common share	$	148,127		62,632	$	2.37

For the three months ended April 2, 2022 and April 3, 2021, the Company had 12 thousand and 123 thousand stock options that were antidilutive, respectively, due to having higher exercise prices than the Company’s average stock price during the period. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.