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Earnings Per Share (Tables)
3 Months Ended
Mar. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share. Stock options, stock appreciation rights, and restricted stock units are collectively referred to as “equity awards”.

 

 

 

13-Weeks Ended

 

 

 

March 30,
2024

 

 

April 1,
2023

 

Numerator:

 

 

 

 

 

 

Numerator for basic and diluted net income per share – net income

 

$

275,961

 

 

$

202,327

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Denominator for basic net income per share – weighted-average common shares

 

 

191,890

 

 

 

191,498

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

808

 

 

 

388

 

 

 

 

 

 

 

Denominator for diluted net income per share – adjusted weighted-average common shares

 

 

192,698

 

 

 

191,886

 

 

 

 

 

 

 

Basic net income per share

 

$

1.44

 

 

$

1.06

 

 

 

 

 

 

 

Diluted net income per share

 

$

1.43

 

 

$

1.05

 

 

 

 

 

 

 

Shares excluded from diluted net income per share calculation:

 

 

 

 

 

 

Anti-dilutive equity awards

 

 

 

 

 

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