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Earnings Per Share
9 Months Ended
Sep. 26, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The computation of basic and diluted earnings per share was as follows (in thousands, except per share amounts):
 Three months endedNine months ended
September 26,
2021
September 27,
2020
September 26,
2021
September 27,
2020
Net income$162,973 $120,218 $628,457 $97,696 
Basic weighted-average shares outstanding153,863 153,252 153,700 153,153 
Effect of dilutive securities employee stock compensation plan
1,254 663 1,203 637 
Diluted weighted-average shares outstanding155,117 153,915 154,903 153,790 
Net earnings per share:
Basic$1.06 $0.78 $4.09 $0.64 
Diluted$1.05 $0.78 $4.06 $0.64 
Shares of common stock related to share-based compensation that were not included in the effect of dilutive securities because the effect would have been anti-dilutive include 0.5 million and 1.3 million shares for the three months ended September 26, 2021 and September 27, 2020, respectively, and 0.5 million and 1.6 million shares for the nine months ended September 26, 2021 and September 27, 2020, respectively.