Earnings per share

6 Months Ended

Dec. 27, 2025

Earnings Per Share [Abstract]

Earnings per share

10. Earnings per share

	Second Quarters Ended				Six Months Ended
	December 27,		December 28,		December 27,		December 28,
	2025		2024		2025		2024
	(Thousands, except per share data)
Numerator:
Net income	$	61,733	$	87,253	$	113,478	$	146,209
Denominator:
Weighted average common shares for basic earnings per share		81,445		86,846		82,221		87,469
Net effect of dilutive stock-based compensation awards		1,342		1,481		1,404		1,390
Weighted average common shares for diluted earnings per share		82,787		88,327		83,625		88,859
Basic earnings per share	$	0.76	$	1.00	$	1.38	$	1.67
Diluted earnings per share	$	0.75	$	0.99	$	1.36	$	1.65
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.