Earnings per share (Tables)

3 Months Ended

Oct. 03, 2026

Earnings Per Share [Abstract]

Basic and diluted earnings per share calculation

	First Quarters Ended
	October 3,		September 27,
	2026		2025
	(Thousands, except per share data)
Numerator:
Net income	$	282,172	$	51,745
Denominator:
Weighted average common shares for basic earnings per share		82,273		82,996
Net effect of dilutive stock-based compensation awards		1,572		1,466
Net effect of dilutive convertible notes		2,160		—
Weighted average common shares for diluted earnings per share		86,005		84,462
Basic earnings per share	$	3.43	$	0.62
Diluted earnings per share	$	3.28	$	0.61
Stock options excluded from earnings per share calculation due to an anti-dilutive effect		—		—