Earnings Per Share (Tables)

6 Months Ended

Jun. 27, 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				Six months ended
	June 27, 2021		June 28, 2020		June 27, 2021		June 28, 2020
Net income (loss)	$	206,340	$	(92,217)	$	465,484	$	(22,522)
Basic weighted-average shares outstanding	153,748		153,199		153,616		153,103
Effect of dilutive securities – employee stock compensation plan	1,345		—		1,178		—
Diluted weighted-average shares outstanding	155,093		153,199		154,794		153,103
Net earnings (loss) per share:
Basic	$	1.34	$	(0.60)	$	3.03	$	(0.15)
Diluted	$	1.33	$	(0.60)	$	3.01	$	(0.15)