Net Income per Share

9 Months Ended

Sep. 27, 2025

Net Income per Share

Net Income per Share

Note J – Net Income per Share

Basic net income per share is computed by dividing net income attributable to shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. The dilutive effect of equity awards is calculated using the treasury stock method.

The following table presents the computation of net income per share on a basic and diluted basis:

	Quarter Ended				Nine Months Ended
	September 27,		September 28,		September 27,		September 28,
(thousands except per share data)	2025		2024		2025		2024
Net income attributable to shareholders	$	109,193	$	100,567	$	376,662	$	292,866
Weighted-average shares outstanding - basic		51,695		53,010		51,935		53,476
Net effect of various dilutive stock-based compensation awards		446		465		446		523
Weighted-average shares outstanding - diluted		52,141		53,475		52,381		53,999
Net income per share:
Basic	$	2.11	$	1.90	$	7.25	$	5.48
Diluted (a)	$	2.09	$	1.88	$	7.19	$	5.42
(a) Equity awards excluded from diluted net income per share as their effect would have been anti-dilutive		1		-		38		21