Third Quarters Ended

Nine Months Ended

April 1,

April 2,

April 1,

April 2,

2023

2022

2023

2022

(Thousands, except per share data)

Numerator:

Net income

$

187,426

$

183,417

$

615,572

$

445,556

Denominator:

Weighted average common shares for basic earnings per share

91,436

98,659

92,226

99,113

Net effect of dilutive stock-based compensation awards

1,020

827

1,390

1,183

Weighted average common shares for diluted earnings per share

92,456

99,486

93,616

100,296

Basic earnings per share

$

2.05

$

1.86

$

6.67

$

4.50

Diluted earnings per share

$

2.03

$

1.84

$

6.58

$

4.44

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

128

263

146

311