Earnings per share

6 Months Ended

Dec. 28, 2024

Earnings Per Share [Abstract]

Earnings per share

10. Earnings per share

	Second Quarters Ended				Six Months Ended
	December 28,		December 30,		December 28,		December 30,
	2024		2023		2024		2023
	(Thousands, except per share data)
Numerator:
Net income	$	87,253	$	117,931	$	146,209	$	327,199
Denominator:
Weighted average common shares for basic earnings per share		86,846		90,253		87,469		90,874
Net effect of dilutive stock-based compensation awards		1,481		1,539		1,390		1,611
Weighted average common shares for diluted earnings per share		88,327		91,792		88,859		92,485
Basic earnings per share	$	1.00	$	1.31	$	1.67	$	3.60
Diluted earnings per share	$	0.99	$	1.28	$	1.65	$	3.54
Stock options excluded from earnings per share calculation due to an anti-dilutive effect		—		122		—		122