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Treasury Stock Treasury Stock (Tables)
 3 Months Ended
Mar. 29, 2025
Equity [Abstract]  
Class of Treasury Stock, Shares Repurchased
The following table provides the number of shares repurchased, average price paid per share, and total cost of share repurchases during the fiscal three months ended March 29, 2025 and March 30, 2024, respectively (in thousands, except per share amounts):

Fiscal Three Months Ended
March 29, 2025March 30, 2024
Total number of shares repurchased (a)
1,727 2,481 
Average price paid per share (a)
$54.39 $47.31 
Total cost of share repurchases (b)
$93,827 $118,543 
(a) All share and per share information has been adjusted to reflect the five-for-one Stock Split effective December 20, 2024.
(b) Effective January 1, 2023, the Company’s share repurchases are subject to a 1% excise tax as a result of the Inflation Reduction Act of 2022. Excise taxes incurred on share repurchases represent direct costs of the repurchase and are recorded as a part of the cost basis of the shares within treasury stock. The cost of shares repurchased may differ from the repurchases of common stock amounts in the consolidated statements of cash flows due to unsettled share repurchases at the end of a period and excise taxes incurred on share repurchases.