Earnings Per Share

12 Months Ended

Dec. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

(in thousands, except per share amounts)	2023		2022		2021
Numerator:
Net income as reported	$	259,485	$	373,306	$	283,806
Denominator:
Weighted average shares outstanding
Basic	24,854		24,734		24,603
Effect of dilutive securities	248		252		329
Diluted	25,102		24,986		24,932
Earnings Per Share:
Basic earnings per share	$	10.44	$	15.09	$	11.54
Diluted earnings per share	$	10.34	$	14.94	$	11.38

Potential shares of common stock attributable to stock options and restricted shares excluded from the earnings per share calculation because their effect would be anti-dilutive were 110,002, 87,425, and 20,139 shares in 2023, 2022, and 2021, respectively.

The Company did not repurchase any shares of its common stock during the fiscal year 2023, 2022, and 2021, respectively.