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Earnings per Share | 12 Months Ended
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Dec. 29, 2023
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):
| 2023 |  | 2022 |  | 2021
Net earnings available to common shareholders | $ | 506,511 |  |  | $ | 460,645 |  |  | $ | 439,866 |
Weighted average shares outstanding for basic earnings per share | 168,442 |  |  | 168,952 |  |  | 169,635 |
Dilutive effect of stock options computed based on the treasury stock method using the average market price | 3,757 |  |  | 3,941 |  |  | 4,891 |
Weighted average shares outstanding for diluted earnings per share | 172,199 |  |  | 172,893 |  |  | 174,526 |
Basic earnings per share | $ | 3.01 |  |  | $ | 2.73 |  |  | $ | 2.59 |
Diluted earnings per share | $ | 2.94 |  |  | $ | 2.66 |  |  | $ | 2.52 |
Anti-dilutive stock options excluded from computations of diluted earnings per share totaled 2.0 million shares in 2023, 2.2 million shares in 2022 and 0.4 million 2021.

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