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EARNINGS PER SHARE
6 Months Ended
Jun. 29, 2024
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

    

June 29,

    

July 1,

    

June 29,

    

July 1,

    

2024

2023

2024

2023

Numerator:

 

  

 

  

 

  

 

  

 

Net earnings attributable to controlling interest

$

125,930

$

150,761

$

246,721

$

276,830

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

 

(4,781)

 

(7,588)

 

(9,684)

 

(13,096)

Net earnings for calculating EPS

$

121,149

$

143,173

$

237,037

$

263,734

Denominator:

 

  

 

  

 

  

 

  

Weighted average shares outstanding

 

61,668

 

62,786

 

61,817

 

62,756

Adjustment for non-vested restricted common stock equivalents

 

(2,633)

 

(3,160)

 

(2,710)

 

(2,969)

Shares for calculating basic EPS

 

59,035

 

59,626

 

59,107

 

59,787

Effect of dilutive restricted common stock equivalents

 

124

 

918

 

106

 

885

Shares for calculating diluted EPS

 

59,159

 

60,544

 

59,213

 

60,672

Net earnings per share:

 

  

 

  

 

  

 

  

Basic

$

2.05

$

2.40

$

4.01

$

4.41

Diluted

$

2.05

$

2.36

$

4.00

$

4.35