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Earnings Per Share (Tables)
 12 Months Ended
Dec. 30, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share

The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for Fiscal 2023, 2022, and 2021 (amounts in thousands, except per share data):

 

 

 

Fiscal 2023

 

 

Fiscal 2022

 

 

Fiscal 2021

 

Net income

 

$

123,416

 

 

$

228,394

 

 

$

206,187

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,630

 

 

 

211,895

 

 

 

211,840

 

Basic earnings per common share

 

$

0.58

 

 

$

1.08

 

 

$

0.97

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,630

 

 

 

211,895

 

 

 

211,840

 

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

 

 

1,726

 

 

 

1,332

 

 

 

1,193

 

Diluted weighted average shares outstanding per common share

 

 

213,356

 

 

 

213,227

 

 

 

213,033

 

Diluted earnings per common share

 

$

0.58

 

 

$

1.07

 

 

$

0.97