Earnings Per Share

3 Months Ended

Apr. 01, 2023

9 Earnings Per Share

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


	Three Months Ended April 1, 2023
	Net Income (Numerator)		Weighted- Average Shares (Denominator)		Per Share Amount
Net income per basic common share	$	140,923		59,023	$	2.39
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		294		(0.01	)

Net income per diluted common share	$	140,923		59,317	$	2.38


	Three Months Ended April 2, 2022
	Net Income (Numerator)		Weighted- Average Shares (Denominator)		Per Share 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

For the three months ended April 1, 2023 and April 2, 2022, the Company had 140 thousand and 12 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.