Third Quarters Ended

Nine Months Ended

March 30,

April 1,

March 30,

April 1,

2024

2023

2024

2023

(Thousands, except per share data)

Numerator:

Net income

$

88,834

$

187,426

$

416,033

$

615,572

Denominator:

Weighted average common shares for basic earnings per share

90,430

91,436

90,726

92,226

Net effect of dilutive stock-based compensation awards

826

1,020

1,349

1,390

Weighted average common shares for diluted earnings per share

91,256

92,456

92,075

93,616

Basic earnings per share

$

0.98

$

2.05

$

4.59

$

6.67

Diluted earnings per share

$

0.97

$

2.03

$

4.52

$

6.58

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

122

128

122

146