Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.24.0.1
Earnings Per Share
 12 Months Ended
Dec. 28, 2023
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:
Fiscal Year Ended
in thousands, except per share data December 28,
2023		 December 29,
2022		 December 30,
2021
Net income $ 245,980  $ 298,195  $ 283,230 
Basic weighted average shares outstanding 106,264  105,626  104,683 
Dilutive effect of share-based awards 1,618  1,817  2,707 
Diluted weighted average shares outstanding 107,882  107,443  107,390 
Basic earnings per share $ 2.31  $ 2.82  $ 2.71 
Diluted earnings per share $ 2.28  $ 2.78  $ 2.64 
The following potentially dilutive securities were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect:
Fiscal Year Ended
in thousands December 28,
2023		 December 29,
2022		 December 30,
2021
Stock options 55  69  71 
Restricted stock units 12  267  —