Earnings Per Share (Tables)

6 Months Ended

Jun. 28, 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				Six months ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
Net (loss) income	$	(92,217)	$	195,631	$	(22,522)	$	323,576
Basic weighted-average shares outstanding	153,199		158,813		153,103		159,061
Effect of dilutive securities – employee stock compensation plan	—		612		—		664
Diluted weighted-average shares outstanding	153,199		159,425		153,103		159,725
(Net loss) earnings per share:
Basic	$	(0.60)	$	1.23	$	(0.15)	$	2.03
Diluted	$	(0.60)	$	1.23	$	(0.15)	$	2.03