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

—