Earnings per share

6 Months Ended

Jan. 01, 2022

Earnings per share

Earnings per share

11. Earnings per share

	Second Quarters Ended				Six Months Ended
	January 1,		January 2,		January 1,		January 2,
	2022		2021		2022		2021
	(Thousands, except per share data)
Numerator:
Net income	$	150,821	$	19,163	$	262,139	$	274
Denominator:
Weighted average common shares for basic earnings per share		99,032		98,937		99,340		98,917
Net effect of dilutive stock-based compensation awards		1,254		995		1,361		980
Weighted average common shares for diluted earnings per share		100,286		99,932		100,701		99,897
Basic earnings per share	$	1.52	$	0.19	$	2.64	$	0.00
Diluted earnings per share	$	1.50	$	0.19	$	2.60	$	0.00
Stock options excluded from earnings per share calculation due to anti-dilutive effect		927		1,046		880		1,237