Net Income (Loss) per Share

3 Months Ended

Apr. 02, 2022

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 2, 2022		April 3, 2021
Net income attributable to shareholders	$	364,749	$	206,321
Weighted-average shares outstanding - basic	67,840		74,882
Net effect of various dilutive stock-based compensation awards	909		912
Weighted-average shares outstanding - diluted	68,749		75,794
Net income per share:
Basic	$	5.38	$	2.76
Diluted (a)	$	5.31	$	2.72

(a)Stock-based compensation awards for the issuance of 86 and 103 shares for the first quarter of 2022 and 2021, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.