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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 28, 2021
Earnings Per Share [Abstract] |
Reconciliation of Earnings Per Share Basic and Diluted | The computation of basic and diluted earnings per share was as follows (in thousands, except per share amounts):
| Three months ended |  |
| March 28, 2021 |  | March 29, 2020 |  |  |  |
Net income | $ | 259,144 |  |  | $ | 69,695 |  |  |  |  |
Basic weighted-average shares outstanding | 153,478 |  |  | 153,004 |  |  |  |  |
Effect of dilutive securities – employee stock compensation plan | 1,012 |  |  | 740 |  |  |  |  |
Diluted weighted-average shares outstanding | 154,490 |  |  | 153,744 |  |  |  |  |
Net earnings per share: |  |  |  |  |  |  |
Basic | $ | 1.69 |  |  | $ | 0.46 |  |  |  |  |
Diluted | $ | 1.68 |  |  | $ | 0.45 |  |  |  |  |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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