Earnings Per Common Share (Tables)

3 Months Ended

Apr. 01, 2023

Earnings Per Share [Abstract]

Reconcilation of Share Amount Used in Computaion of Basic and Diluted Earnings Per Share (EPS)

The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per common share: 

	Three months ended
(In thousands)	April 1, 2023	April 2, 2022
Basic—weighted common shares outstanding	149,426	135,670
Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock	—	882
Diluted—weighted common shares and common shares equivalent outstanding	149,426	136,552

Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS

The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the three months ended April 1, 2023 and April 2, 2022:

	Three months ended
(In thousands)	April 1, 2023	April 2, 2022
Shares excluded from calculations of diluted EPS	1,747	140