Earnings Per Share

12 Months Ended

Jan. 01, 2023

(2)

Earnings per Share

The computation of basic and diluted earnings per common share for 2022, 2021 and 2020 is as follows:


	2022		2021		2020
Net income available to common stockholders – basic and diluted	$	452,263	$	510,467	$	491,296
Weighted average number of common shares		35,724,325		37,198,292		38,974,037
Earnings per common share – basic	$	12.66	$	13.72	$	12.61
Diluted weighted average number of common shares		36,093,754		37,691,351		39,640,791
Earnings per common share – diluted	$	12.53	$	13.54	$	12.39

The denominators used in calculating diluted earnings per share for common stock for 2022, 2021 and 2020 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:


	2022		2021		2020
Anti-dilutive shares underlying stock-based awards
Stock options		115,187		41,215		52,330
Restricted stock awards and units		1,470		1,010		—
Performance condition not met
Restricted stock awards and units		22,353		29,704		68,159