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Earnings Per Share | 6 Months Ended
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Jul. 02, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | 10 Earnings Per Share Basic and diluted EPS calculations are detailed as follows (in thousands, except per share data):
|  | Three Months Ended July 2, 2022 |
|  | Net Income |  |  | Weighted- Average Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Net income per basic common share |  | $ | 164,864 |  |  |  | 60,206 |  |  | $ | 2.74 |
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |  |  | — |  |  |  | 304 |  |  |  | (0.02 | )
Net income per diluted common share |  | $ | 164,864 |  |  |  | 60,510 |  |  | $ | 2.72 |
|  | Three Months Ended July 3, 2021 |
|  | Net Income |  |  | Weighted- Average Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | 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 |
|  | Six Months Ended July 2, 2022 |
|  | Net Income |  |  | Weighted- Average Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Net income per basic common share |  | $ | 324,695 |  |  |  | 60,399 |  |  | $ | 5.38 |
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |  |  | — |  |  |  | 345 |  |  |  | (0.03 | )
Net income per diluted common share |  | $ | 324,695 |  |  |  | 60,744 |  |  | $ | 5.35 |
|  | Six Months Ended July 3, 2021 |
|  | Net Income |  |  | Weighted- Average Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | 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 |
For the three and six months ended July 2, 2022 and July 3, 2021, 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.

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- 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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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