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Earnings Per Share
 6 Months Ended
Jun. 27, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Net Income per Common Share
The Company calculates basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding adjusted for the dilutive effect of share-based awards using the treasury stock method.
The following table shows the computation of basic and diluted earnings per share for the periods presented:
Thirteen Weeks EndedTwenty-six Weeks Ended
in thousands, except per share dataJune 27, 2024June 29, 2023June 27, 2024June 29, 2023
Net income$56,666 $71,452 $106,698 $142,976 
Basic weighted average shares outstanding107,046 106,206 106,908 106,084 
Dilutive effect of share-based awards1,228 1,599 1,358 1,680 
Diluted weighted average shares outstanding108,274 107,805 108,266 107,764 
Basic earnings per share$0.53 $0.67 $1.00 $1.35 
Diluted earnings per share$0.52 $0.66 $0.99 $1.33 
The following potentially dilutive securities were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect:
Thirteen Weeks EndedTwenty-six Weeks Ended
in thousandsJune 27, 2024June 29, 2023June 27, 2024June 29, 2023
Stock options1 56 2 56 
Restricted stock units— 251 — 255