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Earnings Per Share (Tables)
12 Months Ended
Dec. 28, 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".

 

 

 

Fiscal Year Ended

 

 

 

December 28, 2024

 

 

December 30, 2023

 

 

December 31, 2022

 

Numerator:

 

 

 

 

 

 

 

 

 

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

 

$

1,411,436

 

 

$

1,289,636

 

 

$

973,585

 

 

 

 

 

 

 

 

 

 

Denominator (in thousands):

 

 

 

 

 

 

 

 

 

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

 

 

192,060

 

 

 

191,397

 

 

 

192,544

 

 

 

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

1,221

 

 

 

661

 

 

 

498

 

 

 

 

 

 

 

 

 

 

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

 

 

193,281

 

 

 

192,058

 

 

 

193,042

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

7.35

 

 

$

6.74

 

 

$

5.06

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$

7.30

 

 

$

6.71

 

 

$

5.04

 

 

 

 

 

 

 

 

 

 

Shares excluded from diluted net income per share calculation: Anti-dilutive equity awards (in thousands)

 

 

-

 

 

 

-

 

 

 

625