Earnings per share

9 Months Ended

Mar. 28, 2026

Earnings Per Share [Abstract]

Earnings per share

10. Earnings per share

	Third Quarters Ended				Nine Months Ended
	March 28,		March 29,		March 28,		March 29,
	2026		2025		2026		2025
	(Thousands, except per share data)
Numerator:
Net income	$	94,332	$	87,919	$	207,810	$	234,128
Denominator:
Weighted average common shares for basic earnings per share		82,014		86,014		82,152		86,984
Net effect of dilutive stock-based compensation awards		916		862		1,241		1,214
Net effect of dilutive convertible notes		—		—		—		—
Weighted average common shares for diluted earnings per share		82,930		86,876		83,393		88,198
Basic earnings per share	$	1.15	$	1.02	$	2.53	$	2.69
Diluted earnings per share	$	1.14	$	1.01	$	2.49	$	2.65
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.