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Net Income Per Share (Tables)

12 Months Ended

Dec. 28, 2024

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


	Fiscal Year
	2024
	Net Income		Shares	Per Share Amount
Basic net income per share:	$	1,101,240	536,949	$	2.05
Dilutive effect of share-based awards	—		2,703	(0.01)
Diluted net income per share:	$	1,101,240	539,652	$	2.04


	Fiscal Year
	2023
	Net Income		Shares (a)	Per Share Amount (a)
Basic net income per share:	$	1,107,226	545,480	$	2.03
Dilutive effect of share-based awards	—		3,249	(0.01)
Diluted net income per share:	$	1,107,226	548,729	$	2.02

(a) All share and per share amounts have been adjusted to reflect the five-for-one Stock Split effective December 20, 2024 as discussed in Note 1.


	Fiscal Year
	2022
	Net Income		Shares (a)	Per Share Amount (a)
Basic net income per share:	$	1,088,712	556,681	$	1.96
Dilutive effect of share-based awards	—		4,062	(0.02)
Diluted net income per share:	$	1,088,712	560,743	$	1.94

(a) All share and per share amounts have been adjusted to reflect the five-for-one Stock Split as discussed in Note 1.