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EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 28, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share


						Three Months Ended
						September 28, 2025												September 29, 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)						$	203,137					$	67,994					$	202,390					$	67,993
Allocation of undistributed earnings						3,889						1,300						131,726						44,192
Total earnings—basic						$	207,026					$	69,294					$	334,116					$	112,185

Denominator (shares in thousands):
Total weighted-average shares—basic						148,363						54,614						147,938						54,614

Earnings Per Share—basic						$	1.40					$	1.27					$	2.26					$	2.05

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation						$	207,026					$	69,294					$	334,116					$	112,185
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock						69,294						—						112,185						—
Reallocation of undistributed earnings						—						(3)						—						(107)
Total earnings—diluted						$	276,320					$	69,291					$	446,301					$	112,078

Denominator (shares in thousands):
Number of shares used in basic computation						148,363						54,614						147,938						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						176						—						283						—
Performance and restricted stock units						341						—						195						—
Total weighted-average shares—diluted						203,494						54,614						203,030						54,614

Earnings Per Share—diluted						$	1.36					$	1.27					$	2.20					$	2.05


						Nine Months Ended
						September 28, 2025												September 29, 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)						$	609,974					$	203,981					$	610,328					$	203,981
Allocation of undistributed earnings						(187,827)						(62,886)						457,433						152,906
Total earnings—basic						$	422,147					$	141,095					$	1,067,761					$	356,887

Denominator (shares in thousands):
Total weighted-average shares—basic						148,234						54,614						148,474						54,614

Earnings Per Share—basic						$	2.85					$	2.58					$	7.19					$	6.53

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation						$	422,147					$	141,095					$	1,067,761					$	356,887
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock						141,095						—						356,887						—
Reallocation of undistributed earnings						—						135						—						(418)
Total earnings—diluted						$	563,242					$	141,230					$	1,424,648					$	356,469

Denominator (shares in thousands):
Number of shares used in basic computation						148,234						54,614						148,474						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						187						—						300						—
Performance and restricted stock units						238						—						243						—
Total weighted-average shares—diluted						203,273						54,614						203,631						54,614

Earnings Per Share—diluted						$	2.77					$	2.59					$	7.00					$	6.53