Years Ended

June 28,

June 29,

July 1,

2025

2024

2023

(Thousands, except per share data)

Numerator:

Net income

$

240,217

$

498,699

$

770,828

Denominator:

Weighted average common shares for basic earnings per share

86,266

90,567

92,043

Net effect of dilutive stock-based compensation awards

1,147

1,270

1,325

Weighted average common shares for diluted earnings per share

87,413

91,837

93,368

Basic earnings per share

$

2.78

$

5.51

$

8.37

Diluted earnings per share

$

2.75

$

5.43

$

8.26

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

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