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Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

Note 19. 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 2022, 2021, and 2020 (amounts in thousands, except per share data):

 

 

 

Fiscal 2022

 

 

Fiscal 2021

 

 

Fiscal 2020

 

Net income

 

$

228,394

 

 

$

206,187

 

 

$

152,318

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,895

 

 

 

211,840

 

 

 

211,782

 

Basic earnings per common share

 

$

1.08

 

 

$

0.97

 

 

$

0.72

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,895

 

 

 

211,840

 

 

 

211,782

 

Add: Shares of common stock assumed issued upon exercise of stock
   options, vesting of performance-contingent restricted stock
   and deferred stock

 

 

1,332

 

 

 

1,193

 

 

 

563

 

Diluted weighted average shares outstanding per common share

 

 

213,227

 

 

 

213,033

 

 

 

212,345

 

Diluted earnings per common share

 

$

1.07

 

 

$

0.97

 

 

$

0.72

 

 

There were no anti-dilutive shares for Fiscal 2022 or Fiscal 2021 and 6,234 anti-dilutive shares for Fiscal 2020.