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Earnings per Share (Tables) | 12 Months Ended
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Dec. 29, 2023
Earnings Per Share [Abstract] |
Computation of basic and diluted 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 |

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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 + Details
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