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Earnings Per Share (Tables)
6 Months Ended
Jul. 01, 2023
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 1, 2023
 
    
Net Income
    
Weighted-
Average Shares
    
Per Share
 
    
(Numerator)
    
(Denominator)
    
Amount
 
Net income per basic common share
   $ 150,554        58,857      $ 2.56  
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities
     —          153        (0.01
  
 
 
    
 
 
    
 
 
 
Net income per diluted common share
   $ 150,554        59,010      $ 2.55  
  
 
 
    
 
 
    
 
 
 
 
    
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  
  
 
 
    
 
 
    
 
 
 
 
    
Six Months Ended July 1, 2023
 
    
Net Income
    
Weighted-
Average Shares
    
Per Share
 
    
(Numerator)
    
(Denominator)
    
Amount
 
Net income per basic common share
   $ 291,477        58,703      $ 4.97  
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities
     —          206        (0.02
  
 
 
    
 
 
    
 
 
 
Net income per diluted common share
   $ 291,477        58,909      $ 4.95  
  
 
 
    
 
 
    
 
 
 
 
    
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