Net Income (Loss) per Share (Tables)

6 Months Ended

Jul. 01, 2023

Earnings Per Share [Abstract]

Schedule of Earnings (Losses) Per Share, Basic and Diluted [Table Text Block]

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

	Quarter Ended				Six Months Ended
(thousands except per share data)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Net income attributable to shareholders	$	236,559	$	370,334	$	510,309	$	735,083
Weighted-average shares outstanding - basic	56,720		66,078		57,726		66,964
Net effect of various dilutive stock-based compensation awards	635		773		683		833
Weighted-average shares outstanding - diluted	57,355		66,851		58,409		67,797
Net income per share:
Basic	$	4.17	$	5.60	$	8.84	$	10.98
Diluted (a)	$	4.12	$	5.54	$	8.74	$	10.84

(a)For the second quarter of 2023 no stock-based compensation awards were excluded from computation of net income per share on a diluted basis. For the first six months of 2023 stock-based compensation awards of 1.6 thousand shares were excluded from computation of net income per share on a diluted basis as their effect was anti-dilutive. Stock-based compensation awards for the issuance of 176.8 thousand shares and 48.5 thousand shares for the second quarter and first six months of 2022, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.