Earnings per Share (Tables)

9 Months Ended

Sep. 27, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted EPS

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 27, 2019		September 28, 2018		September 27, 2019		September 28, 2018
Net earnings available to common shareholders	$	84,132	$	92,681	$	259,018	$	267,331
Weighted average shares outstanding for basic earnings per share	166,848		167,247		166,383		167,860
Dilutive effect of stock options computed using the treasury stock method and the average market price	4,929		5,790		5,178		6,124
Weighted average shares outstanding for diluted earnings per share	171,777		173,037		171,561		173,984
Basic earnings per share	$	0.50	$	0.55	$	1.56	$	1.59
Diluted earnings per share	$	0.49	$	0.54	$	1.51	$	1.54