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Earnings Per Share
 12 Months Ended
Jan. 02, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

Note 20.

Earnings Per Share

The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for Fiscal 2020, 2019, and 2018 (amounts in thousands, except per share data):

 

 

 

Fiscal 2020

 

 

Fiscal 2019

 

 

Fiscal 2018

 

Net income

 

$

152,318

 

 

$

164,538

 

 

$

157,160

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,782

 

 

 

211,606

 

 

 

211,016

 

Basic earnings per common share

 

$

0.72

 

 

$

0.78

 

 

$

0.74

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,782

 

 

 

211,606

 

 

 

211,016

 

Add: Shares of common stock assumed issued upon exercise of stock

   options, vesting of performance-contingent restricted stock

   and deferred stock

 

 

563

 

 

 

368

 

 

 

616

 

Diluted weighted average shares outstanding per common share

 

 

212,345

 

 

 

211,974

 

 

 

211,632

 

Diluted earnings per common share

 

$

0.72

 

 

$

0.78

 

 

$

0.74

 

 

There were 6,234 anti-dilutive shares during Fiscal 2020 and 11,030 anti-dilutive shares during Fiscal 2019.  There were no anti-dilutive shares for Fiscal 2018.