Net Income per Share

6 Months Ended

Jun. 28, 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				Six Months Ended
	June 28,		June 29,		June 28,		June 29,
(thousands except per share data)	2025		2024		2025		2024
Net income attributable to shareholders	$	187,749	$	108,698	$	267,469	$	192,299
Weighted-average shares outstanding - basic		51,856		53,640		52,057		53,944
Net effect of various dilutive stock-based compensation awards		486		541		447		552
Weighted-average shares outstanding - diluted		52,342		54,181		52,504		54,496
Net income per share:
Basic	$	3.62	$	2.03	$	5.14	$	3.56
Diluted (a)	$	3.59	$	2.01	$	5.09	$	3.53
(a) Equity awards excluded from diluted net income per share as their effect would have been anti-dilutive		28		-		57		-