Second Quarters Ended

Six Months Ended

December 31,

January 1,

December 31,

January 1,

2022

(Thousands, except per share data)

Numerator:

Net income

$

243,886

$

150,821

$

428,147

$

262,139

Denominator:

Weighted average common shares for basic earnings per share

91,192

99,032

92,621

99,340

Net effect of dilutive stock-based compensation awards

1,563

1,254

1,574

1,361

Weighted average common shares for diluted earnings per share

92,755

100,286

94,195

100,701

Basic earnings per share

$

2.67

$

1.52

$

4.62

$

2.64

Diluted earnings per share

$

2.63

$

1.50

$

4.55

$

2.60

Stock options excluded from earnings per share calculation due to an anti-dilutive effect

174

927

174

880