Earnings per share

9 Months Ended

Apr. 01, 2023

Earnings per share

Earnings per share

11. Earnings per share

	Third Quarters Ended				Nine Months Ended
	April 1,		April 2,		April 1,		April 2,
	2023		2022		2023		2022
	(Thousands, except per share data)
Numerator:
Net income	$	187,426	$	183,417	$	615,572	$	445,556
Denominator:
Weighted average common shares for basic earnings per share		91,436		98,659		92,226		99,113
Net effect of dilutive stock-based compensation awards		1,020		827		1,390		1,183
Weighted average common shares for diluted earnings per share		92,456		99,486		93,616		100,296
Basic earnings per share	$	2.05	$	1.86	$	6.67	$	4.50
Diluted earnings per share	$	2.03	$	1.84	$	6.58	$	4.44
Stock options excluded from earnings per share calculation due to an anti-dilutive effect		128		263		146		311