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Earnings Per Common Share
 6 Months Ended
Jul. 01, 2023
Earnings Per Share [Abstract]  
Earnings Per Common Share EARNINGS PER COMMON SHARE
Basic earnings per common share (“EPS”) is calculated based on the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings per common share is calculated based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the applicable period. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per common share:
 
 Three months endedSix months ended
(In thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Basic—weighted common shares outstanding149,825 135,895 149,626 135,783 
Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock1,012 559 983 720 
Diluted—weighted common shares and common shares equivalent outstanding150,837 136,454 150,609 136,503 
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 and six months ended July 1, 2023 and July 2, 2022:
 Three months endedSix months ended
(In thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Shares excluded from calculations of diluted EPS580 595 791 519