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Earnings Per Share
 12 Months Ended
Dec. 28, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 21. 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 2024, 2023, and 2022 (amounts in thousands, except per share data):

 

 

 

Fiscal 2024

 

 

Fiscal 2023

 

 

Fiscal 2022

 

Net income

 

$

248,116

 

 

$

123,416

 

 

$

228,394

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,023

 

 

 

211,630

 

 

 

211,895

 

Basic earnings per common share

 

$

1.18

 

 

$

0.58

 

 

$

1.08

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,023

 

 

 

211,630

 

 

 

211,895

 

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

 

 

1,114

 

 

 

1,726

 

 

 

1,332

 

Diluted weighted average shares outstanding per common share

 

 

212,137

 

 

 

213,356

 

 

 

213,227

 

Diluted earnings per common share

 

$

1.17

 

 

$

0.58

 

 

$

1.07

 

 

There was an immaterial amount of anti-dilutive shares for Fiscal 2024. There were 287,510 anti-dilutive shares for Fiscal 2023 and no anti-dilutive shares for Fiscal 2022.