Net Income (Loss) per Share

3 Months Ended

Apr. 03, 2021

Earnings Per Share [Abstract]

Net Income (Loss) per Share [Text Block]

Net Income per Share

The following table presents the computation of net income per share on a basic and diluted basis (shares in thousands):

	Quarter Ended
	April 3, 2021		March 28, 2020
Net income attributable to shareholders	$	206,321	$	49,503
Weighted-average shares outstanding - basic	74,882		80,407
Net effect of various dilutive stock-based compensation awards	912		701
Weighted-average shares outstanding - diluted	75,794		81,108
Net income per share:
Basic	$	2.76	$	0.62
Diluted (a)	$	2.72	$	0.61

(a)Stock-based compensation awards for the issuance of 103 and 1,307 shares for the first quarter of 2021 and 2020, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.