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EARNINGS PER SHARE
6 Months Ended
Jul. 01, 2023
EARNINGS PER SHARE  
EARNINGS PER SHARE

D.       EARNINGS PER SHARE

The computation of earnings per share (“EPS”) is as follows (in thousands):

Three Months Ended

Six Months Ended

    

July 1,

    

June 25,

    

July 1,

    

June 25,

    

2023

2022

2023

2022

Numerator:

 

  

 

  

 

  

 

  

 

Net earnings attributable to controlling interest

$

150,761

$

203,118

$

276,830

$

392,821

Adjustment for earnings allocated to non-vested restricted common stock equivalents

 

(7,588)

 

(8,270)

 

(13,096)

 

(15,045)

Net earnings for calculating EPS

$

143,173

$

194,848

$

263,734

$

377,776

Denominator:

 

  

 

  

 

  

 

  

Weighted average shares outstanding

 

62,786

 

62,766

 

62,756

 

62,889

Adjustment for non-vested restricted common stock equivalents

 

(3,160)

 

(2,555)

 

(2,969)

 

(2,409)

Shares for calculating basic EPS

 

59,626

 

60,211

 

59,787

 

60,480

Effect of dilutive restricted common stock equivalents

 

918

 

205

 

885

 

220

Shares for calculating diluted EPS

 

60,544

 

60,416

 

60,672

 

60,700

Net earnings per share:

 

  

 

  

 

  

 

  

Basic

$

2.40

$

3.24

$

4.41

$

6.25

Diluted

$

2.36

$

3.23

$

4.35

$

6.22