Earnings Per Share (Tables)

6 Months Ended

Jul. 04, 2021

Earnings Per Share [Abstract]

Basic and diluted weighted average shares outstanding

Basic and diluted weighted average shares outstanding were as follows (in thousands):

	Three Months Ended		Six Months Ended
	July 4, 2021	June 28, 2020	July 4, 2021	June 28, 2020
Basic weighted average shares outstanding	280,742	286,388	282,422	287,479
Dilutive effect of stock options and restricted stock/RSUs*	1,471	545	1,170	1,036
Diluted weighted average shares outstanding	282,213	286,933	283,592	288,515

* Excludes outstanding options to purchase shares of common stock that had exercise prices in excess of the average market price of our common stock during the period and, therefore, the effect of including these options would be antidilutive. These options totaled 5,392 and 8,746 for the three- and six-month periods ended July 4, 2021, and 7,723 and 6,811 for the three- and six-month periods ended June 28, 2020, respectively.