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EARNINGS PER SHARE
 3 Months Ended
Mar. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
We compute basic earnings per share for Common Stock and Class B common stock using the two-class method. The Class B common stock is convertible into Common Stock on a share-for-share basis at any time. The computation of diluted earnings per share for Common Stock assumes the conversion of Class B common stock using the if-converted method, while the diluted earnings per share of Class B common stock does not assume the conversion of those shares.
Three Months Ended
March 30, 2025March 31, 2024
Common StockClass B Common StockCommon StockClass 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—basic148,097 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 stock56,099 — 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 computation148,097 54,614 149,609 54,614 
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding54,614 — 54,614 — 
Employee stock options196 — 318 — 
Performance and restricted stock units234 — 334 — 
Total weighted-average shares—diluted203,141 54,614 204,875 54,614 
Earnings Per Share—diluted$1.10 $1.03 $3.89 $3.63 
The earnings per share calculations for the three months ended March 30, 2025 and March 31, 2024 excluded 27 and 12 stock options (in thousands), respectively, that would have been antidilutive.