Earnings Per Common Share (Tables)

3 Months Ended

Apr. 01, 2023

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator Used for Earnings Per Common Share

The reconciliation of the numerator and denominator used for the computation of basic and diluted earnings per common share is as follows:

	Predecessor
	Three Months Ended   April 2, 2022
Numerator for Basic and Diluted Earnings Per Common Share
Net income applicable to common shares	$	101,526
Denominator for Basic and Diluted Earnings Per Common Share:
Weighted average basic number of common shares outstanding	127,129
Common stock equivalents:
Employee stock options	1,337
Weighted average diluted number of common shares outstanding	128,466
Basic earnings per common share	$	0.80
Diluted earnings per common share	$	0.79
Incentive plan securities excluded from dilution(1)	72

(1)Represents securities not included in the computation of diluted earnings per common share because their effect would have been anti-dilutive.