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EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 30, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share


						Three Months Ended
						March 30, 2025												March 31, 2024
						Common Stock						Class B Common Stock						Common Stock						Class B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)						$	203,600					$	67,994					$	205,411					$	67,994
Allocation of undistributed earnings						(35,496)						(11,895)						393,508						130,540
Total earnings—basic						$	168,104					$	56,099					$	598,919					$	198,534

Denominator (shares in thousands):
Total weighted-average shares—basic						148,097						54,614						149,609						54,614

Earnings Per Share—basic						$	1.14					$	1.03					$	4.00					$	3.64

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation						$	168,104					$	56,099					$	598,919					$	198,534
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock						56,099						—						198,534						—
Reallocation of undistributed earnings						—						26						—						(425)
Total earnings—diluted						$	224,203					$	56,125					$	797,453					$	198,109

Denominator (shares in thousands):
Number of shares used in basic computation						148,097						54,614						149,609						54,614
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding						54,614						—						54,614						—
Employee stock options						196						—						318						—
Performance and restricted stock units						234						—						334						—
Total weighted-average shares—diluted						203,141						54,614						204,875						54,614

Earnings Per Share—diluted						$	1.10					$	1.03					$	3.89					$	3.63