Earnings Per Share (Tables)

3 Months Ended

Mar. 29, 2020

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share Basic and Diluted

The computation of basic and diluted earnings per share was as follows (in thousands, except per share amounts):

	Three months ended
	March 29, 2020		March 31, 2019
Net income	$	69,695	$	127,945
Basic weighted-average shares outstanding	153,004		159,311
Effect of dilutive securities – employee stock compensation plan	740		715
Diluted weighted-average shares outstanding	153,744		160,026
Earnings per share:
Basic	$	0.46	$	0.80
Diluted	$	0.45	$	0.80