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

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