Earnings per share

3 Months Ended

Sep. 27, 2025

Earnings Per Share [Abstract]

Earnings per share

10. Earnings per share

	First Quarters Ended
	September 27,		September 28,
	2025		2024
	(Thousands, except per share data)
Numerator:
Net income	$	51,745	$	58,956
Denominator:
Weighted average common shares for basic earnings per share		82,996		88,092
Net effect of dilutive stock-based compensation awards		1,466		1,300
Weighted average common shares for diluted earnings per share		84,462		89,392
Basic earnings per share	$	0.62	$	0.67
Diluted earnings per share	$	0.61	$	0.66
Stock options excluded from earnings per share calculation due to an anti-dilutive effect		—		—

The Company calculates basic earnings per share, or EPS, by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the treasury stock method for outstanding stock options, restricted stock units, and performance share units and the if-converted method for convertible debt.