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Earnings Per Share (Tables)
 12 Months Ended
Jan. 01, 2022
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 2021, 2020, and 2019 (amounts in thousands, except per share data):

 

 

 

Fiscal 2021

 

 

Fiscal 2020

 

 

Fiscal 2019

 

Net income

 

$

206,187

 

 

$

152,318

 

 

$

164,538

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,840

 

 

 

211,782

 

 

 

211,606

 

Basic earnings per common share

 

$

0.97

 

 

$

0.72

 

 

$

0.78

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,840

 

 

 

211,782

 

 

 

211,606

 

Add: Shares of common stock assumed issued upon exercise of stock

   options, vesting of performance-contingent restricted stock

   and deferred stock

 

 

1,193

 

 

 

563

 

 

 

368

 

Diluted weighted average shares outstanding per common share

 

 

213,033

 

 

 

212,345

 

 

 

211,974

 

Diluted earnings per common share

 

$

0.97

 

 

$

0.72

 

 

$

0.78