Net Income (Loss) per Share

9 Months Ended

Oct. 01, 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:

	Quarter Ended				Nine Months Ended
(thousands except per share data)	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Net income attributable to shareholders	$	342,399	$	290,027	$	1,077,482	$	736,989
Weighted-average shares outstanding - basic	64,228		71,671		66,055		73,426
Net effect of various dilutive stock-based compensation awards	751		900		790		887
Weighted-average shares outstanding - diluted	64,979		72,571		66,845		74,313
Net income per share:
Basic	$	5.33	$	4.05	$	16.31	$	10.04
Diluted (a)	$	5.27	$	4.00	$	16.12	$	9.92

(a)Stock-based compensation awards for the issuance of 203.0 thousand and 53.2 thousand shares for the third quarter and first nine months of 2022, respectively, and 3.3 thousand and 2.6 thousand shares for the third quarter and first nine months of 2021, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.