Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three months ended				Six months ended
	June 30, 2019		July 1, 2018		June 30, 2019		July 1, 2018
Net income	$	195,631	$	242,338	$	323,576	$	417,101
Basic weighted-average shares outstanding	158,813		166,589		159,061		167,364
Effect of dilutive securities - employee stock compensation plan	612		615		664		825
Diluted weighted-average shares outstanding	159,425		167,204		159,725		168,189
Earnings per common share:
Basic	$	1.23	$	1.45	$	2.03	$	2.49
Diluted	$	1.23	$	1.45	$	2.03	$	2.48