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Earnings Per Share (Tables)
6 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Reconciliation
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