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Earnings per Share
6 Months Ended
Jul. 01, 2022
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):
 Three Months EndedSix Months Ended
 July 1,
2022
June 25,
2021
July 1,
2022
June 25,
2021
Net earnings available to common shareholders
$117,378 $110,118 $218,221 $215,805 
Weighted average shares outstanding for basic earnings per share169,128 169,594 169,469 169,271 
Dilutive effect of stock options computed using the treasury stock method and the average market price3,570 4,978 4,219 4,939 
Weighted average shares outstanding for diluted earnings per share172,698 174,572 173,688 174,210 
Basic earnings per share
$0.69 $0.65 $1.29 $1.27 
Diluted earnings per share
$0.68 $0.63 $1.26 $1.24 

Stock options to purchase 1,632,000 and 737,000 shares were not included in the July 1, 2022 and June 25, 2021 computations of diluted earnings per share, respectively, because they would have been anti-dilutive.