We compute basic earnings per share for Common Stock and Class B common stock using the two-class method. The Class B common stock is convertible into Common Stock on a share-for-share basis at any time. The computation of diluted earnings per share for Common Stock assumes the conversion of Class B common stock using the if-converted method, while the diluted earnings per share of Class B common stock does not assume the conversion of those shares.


	Three Months Ended
	June 29, 2025				June 30, 2024
	Common Stock		Class B Common Stock		Common Stock		Class B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)	$	203,237	$	67,994	$	202,527	$	67,994
Allocation of undistributed earnings	(156,214)		(52,298)		(67,107)		(22,520)
Total earnings—basic	$	47,023	$	15,696	$	135,420	$	45,474

Denominator (shares in thousands):
Total weighted-average shares—basic	148,247		54,614		147,893		54,614

Earnings Per Share—basic	$	0.32	$	0.29	$	0.92	$	0.83

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation	$	47,023	$	15,696	$	135,420	$	45,474
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock	15,696		—		45,474		—
Reallocation of undistributed earnings	—		86		—		57
Total earnings—diluted	$	62,719	$	15,782	$	180,894	$	45,531

Denominator (shares in thousands):
Number of shares used in basic computation	148,247		54,614		147,893		54,614
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding	54,614		—		54,614		—
Employee stock options	190		—		299		—
Performance and restricted stock units	137		—		201		—
Total weighted-average shares—diluted	203,188		54,614		203,007		54,614

Earnings Per Share—diluted	$	0.31	$	0.29	$	0.89	$	0.83


	Six Months Ended
	June 29, 2025				June 30, 2024
	Common Stock		Class B Common Stock		Common Stock		Class B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)	$	406,837	$	135,988	$	407,938	$	135,988
Allocation of undistributed earnings	(191,695)		(64,208)		325,740		108,681
Total earnings—basic	$	215,142	$	71,780	$	733,678	$	244,669

Denominator (shares in thousands):
Total weighted-average shares—basic	148,175		54,614		148,753		54,614

Earnings Per Share—basic	$	1.45	$	1.31	$	4.93	$	4.48

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation	$	215,142	$	71,780	$	733,678	$	244,669
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock	71,780		—		244,669		—
Reallocation of undistributed earnings	—		123		—		(314)
Total earnings—diluted	$	286,922	$	71,903	$	978,347	$	244,355

Denominator (shares in thousands):
Number of shares used in basic computation	148,175		54,614		148,753		54,614
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding	54,614		—		54,614		—
Employee stock options	193		—		308		—
Performance and restricted stock units	186		—		268		—
Total weighted-average shares—diluted	203,168		54,614		203,943		54,614

Earnings Per Share—diluted	$	1.41	$	1.32	$	4.80	$	4.47