Earnings Per Share

9 Months Ended

Sep. 28, 2024

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.