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Earnings Per Share | 9 Months Ended
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Sep. 28, 2024
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 September 28, 2024 |
|  | Net Income (Numerator) |  |  | Weighted- Average Shares (Denominator) |  |  | Per Share Amount |
Net income per basic common share |  | $ | 161,503 |  |  |  | 59,367 |  |  | $ | 2.72 |
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |  |  | — |  |  |  | 137 |  |  |  | (0.01 | )
Net income per diluted common share |  | $ | 161,503 |  |  |  | 59,504 |  |  | $ | 2.71 |
|  | Three Months Ended September 30, 2023 |
|  | Net Income (Numerator) |  |  | Weighted- Average Shares (Denominator) |  |  | Per Share Amount |
Net income per basic common share |  | $ | 134,552 |  |  |  | 59,093 |  |  | $ | 2.28 |
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |  |  | — |  |  |  | 162 |  |  |  | (0.01 | )
Net income per diluted common share |  | $ | 134,552 |  |  |  | 59,255 |  |  | $ | 2.27 |
|  | Nine Months Ended September 28, 2024 |
|  | Net Income (Numerator) |  |  | Weighted- Average Shares (Denominator) |  |  | Per Share Amount |
Net income per basic common share |  | $ | 406,436 |  |  |  | 59,314 |  |  | $ | 6.85 |
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |  |  | — |  |  |  | 157 |  |  |  | (0.02 | )
Net income per diluted common share |  | $ | 406,436 |  |  |  | 59,471 |  |  | $ | 6.83 |
|  | Nine Months Ended September 30, 2023 |
|  | Net Income (Numerator) |  |  | Weighted- Average Shares (Denominator) |  |  | Per Share Amount |
Net income per basic common share |  | $ | 426,029 |  |  |  | 59,061 |  |  | $ | 7.21 |
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities |  |  | — |  |  |  | 201 |  |  |  | (0.02 | )
Net income per diluted common share |  | $ | 426,029 |  |  |  | 59,262 |  |  | $ | 7.19 |
The Company had 130 thousand stock options that were antidilutive due to having higher exercise prices than the Company’s average stock price during both the three and nine months ended September 28, 2024. For the three and nine months ended September 30, 2023, the Company had 355 thousand and 264 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.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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