Earnings per share

9 Months Ended

Mar. 29, 2025

Earnings Per Share [Abstract]

Earnings per share

10. Earnings per share

	Third Quarters Ended				Nine Months Ended
	March 29,		March 30,		March 29,		March 30,
	2025		2024		2025		2024
	(Thousands, except per share data)
Numerator:
Net income	$	87,919	$	88,834	$	234,128	$	416,033
Denominator:
Weighted average common shares for basic earnings per share		86,014		90,430		86,984		90,726
Net effect of dilutive stock-based compensation awards		862		826		1,214		1,349
Weighted average common shares for diluted earnings per share		86,876		91,256		88,198		92,075
Basic earnings per share	$	1.02	$	0.98	$	2.69	$	4.59
Diluted earnings per share	$	1.01	$	0.97	$	2.65	$	4.52
Stock options excluded from earnings per share calculation due to an anti-dilutive effect		—		122		—		122