Earnings Per Share (Tables)

12 Months Ended

Jan. 02, 2022

Earnings Per Share [Abstract]

Summary of the Computation of Basic and Diluted Earning Per Common Share

The computation of basic and diluted earnings per common share for 2021, 2020 and 2019 is as follows:

	2021		2020		2019
Net income available to common stockholders – basic and diluted	$	510,467	$	491,296	$	400,709
Weighted average number of common shares		37,198,292		38,974,037		40,766,362
Earnings per common share – basic	$	13.72	$	12.61	$	9.83
Diluted weighted average number of common shares		37,691,351		39,640,791		41,923,062
Earnings per common share – diluted	$	13.54	$	12.39	$	9.56

Schedule of Denominators Used in Calculating Earning Per Common Share

The denominators used in calculating diluted earnings per share for common stock for 2021, 2020 and 2019 do not include the following because the effect of including these shares would be anti-dilutive or because the performance targets for these awards had not yet been met:

	2021		2020		2019
Anti-dilutive shares underlying stock-based awards
Stock options		41,215		52,330		160,980
Restricted stock awards and units		1,010		—		—
Performance condition not met
Restricted stock awards and units		29,704		68,159		82,647