Earnings Per Share (Tables)

9 Months Ended

Sep. 29, 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				Nine months ended
	September 29, 2019		September 30, 2018		September 29, 2019		September 30, 2018
Net income	$	86,563	$	113,855	$	410,139	$	530,956
Basic weighted-average shares outstanding	156,239		165,927		158,117		166,885
Effect of dilutive securities - employee stock compensation plan	705		737		677		796
Diluted weighted-average shares outstanding	156,944		166,664		158,794		167,681
Earnings per share:
Basic	$	0.55	$	0.69	$	2.59	$	3.18
Diluted	$	0.55	$	0.68	$	2.58	$	3.17