Earnings Per Share

6 Months Ended

Jun. 29, 2024

10 Earnings Per Share

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


	Three Months Ended June 29, 2024
	Net Income		Weighted- Average Shares		Per Share
	(Numerator)		(Denominator)		Amount
Net income per basic common share	$	142,737		59,339	$	2.41
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		112		(0.01	)

Net income per diluted common share	$	142,737		59,451	$	2.40




	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


	Six Months Ended June 29, 2024
	Net Income		Weighted- Average Shares		Per Share
	(Numerator)		(Denominator)		Amount
Net income per basic common share	$	244,933		59,287	$	4.13
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		158		(0.01	)

Net income per diluted common share	$	244,933		59,445	$	4.12


	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

The Company had 270 thousand and 128 thousand stock options that were antidilutive due to having higher exercise prices than the Company’s average stock price during the three and six months ended June 29, 2024, respectively. For the three and six months ended July 1, 2023, the Company had 362 thousand and 260 thousand stock options that were antidilutive, respectively. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.