Earnings per share

6 Months Ended

Dec. 31, 2022

Earnings per share

Earnings per share

11. Earnings per share

	Second Quarters Ended				Six Months Ended
	December 31,		January 1,		December 31,		January 1,
	2022		2022		2022		2022
	(Thousands, except per share data)
Numerator:
Net income	$	243,886	$	150,821	$	428,147	$	262,139
Denominator:
Weighted average common shares for basic earnings per share		91,192		99,032		92,621		99,340
Net effect of dilutive stock-based compensation awards		1,563		1,254		1,574		1,361
Weighted average common shares for diluted earnings per share		92,755		100,286		94,195		100,701
Basic earnings per share	$	2.67	$	1.52	$	4.62	$	2.64
Diluted earnings per share	$	2.63	$	1.50	$	4.55	$	2.60
Stock options excluded from earnings per share calculation due to an anti-dilutive effect		174		927		174		880