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Earnings per Share
3 Months Ended
Apr. 01, 2022
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 Three Months Ended
 April 1,
2022
March 26,
2021
Net earnings available to common shareholders
$100,843 $105,687 
Weighted average shares outstanding for basic earnings per share169,809 168,948 
Dilutive effect of stock options computed using the treasury stock method and the average market price4,869 4,900 
Weighted average shares outstanding for diluted earnings per share174,678 173,848 
Basic earnings per share
$0.59 $0.63 
Diluted earnings per share
$0.58 $0.61 

Stock options to purchase 1,250,000 and 700,000 shares were not included in the April 1, 2022 and March 26, 2021 computations of diluted earnings per share, respectively, because they would have been anti-dilutive.