Earnings Per Share (Tables)

3 Months Ended

Mar. 28, 2021

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 28, 2021		March 29, 2020
Net income	$	259,144	$	69,695
Basic weighted-average shares outstanding	153,478		153,004
Effect of dilutive securities – employee stock compensation plan	1,012		740
Diluted weighted-average shares outstanding	154,490		153,744
Net earnings per share:
Basic	$	1.69	$	0.46
Diluted	$	1.68	$	0.45