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Net Income Per Share (Tables)

6 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Net Income Per Share

Net income per share is calculated as follows (in thousands, except per share amounts):

			Fiscal Three Months Ended
			June 29, 2024																		July 1, 2023
			Income						Shares						Per Share Amount						Income						Shares						Per Share  Amount
Basic net income per share:			$	425,196					107,730						$	3.95					$	421,234					109,426						$	3.85
Dilutive effect of share-based awards			—						505						(0.02)						—						615						(0.02)
Diluted net income per share:			$	425,196					108,235						$	3.93					$	421,234					110,041						$	3.83
			Fiscal Six Months Ended
			June 29, 2024																		July 1, 2023
			Income						Shares						Per Share Amount						Income						Shares						Per Share  Amount
Basic net income per share:			$	623,363					107,838						$	5.78					$	604,322					109,735						$	5.51
Dilutive effect of share-based awards			—						543						(0.03)						—						676						(0.04)
Diluted net income per share:			$	623,363					108,381						$	5.75					$	604,322					110,411						$	5.47

Anti-dilutive stock awards excluded from the above calculations totaled approximately 0.2 million shares for the fiscal three months ended June 29, 2024 and approximately 0.2 million shares for the fiscal three months ended July 1, 2023. Anti-dilutive stock awards excluded from the above calculations totaled approximately 0.3 million shares for the fiscal six months ended June 29, 2024 and approximately 0.2 million shares for the fiscal six months ended July 1, 2023.

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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