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Net Income Per Share
6 Months Ended
Jun. 26, 2021
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share:
The Company presents both basic and diluted net income per share on the Condensed Consolidated Statements of Income.  Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period.  Diluted net income per share is calculated by dividing net income by the weighted average diluted shares outstanding during the period. Dilutive shares are computed using the treasury stock method for share-based awards. Performance-based restricted share units are included in diluted shares only if the related performance conditions are considered satisfied as of the end of the reporting period. Net income per share is calculated as follows (in thousands, except per share amounts):
 Fiscal Three Months EndedFiscal Three Months Ended
June 26, 2021June 27, 2020
 IncomeSharesPer Share
Amount
IncomeSharesPer Share
 Amount
Basic net income per share:$370,022 115,133 $3.21 $338,678 115,912 $2.92 
Dilutive effect of share-based awards— 958 (0.02)— 900 (0.02)
Diluted net income per share:$370,022 116,091 $3.19 $338,678 116,812 $2.90 


 Fiscal Six Months EndedFiscal Six Months Ended
June 26, 2021June 27, 2020
 IncomeSharesPer Share
Amount
IncomeSharesPer Share
 Amount
Basic net income per share:$551,376 115,643 $4.77 $422,455 116,325 $3.63 
Dilutive effect of share-based awards— 1,016 (0.04)— 797 (0.02)
Diluted net income per share:$551,376 116,659 $4.73 $422,455 117,122 $3.61 

Anti-dilutive stock awards excluded from the above calculations totaled less than 0.1 million shares and approximately 0.5 million shares for the fiscal three months ended June 26, 2021 and June 27, 2020, respectively, and approximately 0.2 million and 0.6 million shares for the fiscal six months ended June 26, 2021 and June 27, 2020, respectively.