v3.26.1
Earnings per share
 3 Months Ended
Jul. 03, 2026
Earnings Per Share [Abstract]  
Earnings per share Earnings per share
Basic earnings per share excludes dilution and is computed by dividing net income by the weighted-average number of shares of Class A common stock outstanding during the applicable periods.
Diluted earnings per share reflects the potential dilution from stock-based compensation awards. The potential dilution from awards was computed using the treasury stock method based on the average fair market value of the Company’s common stock for the period.
The computation of earnings per share and weighted average shares outstanding of the Company’s common stock for the period is presented below:
Three-month periods ended
July 3, 2026June 27, 2025
IncomeWeighted average shares outstandingPer shareIncomeWeighted average shares outstandingPer share
NumeratorDenominatorAmountNumeratorDenominatorAmount
(In thousands, except share and per share amounts)
Basic EPS
Net income$165,355 150,778,130 $1.10 $157,183 147,631,000 $1.06 
Effect of Dilutive Impact
Common stock equivalents from options awards (1)1,482,913 1,438,906 
Common stock equivalents from RSUs (2)1,951,226 1,127,229 
Common stock equivalents from PSUs (3)929,587 703,561 
Diluted EPS
Net income$165,355 155,141,856 $1.07 $157,183 150,900,696 $1.04 
(1)During the three-month periods ended July 3, 2026 and June 27, 2025, no options awards and approximately 0.9 million options awards, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.
(2)During the three-month periods ended July 3, 2026 and June 27, 2025, an immaterial amount of RSU awards and approximately 0.4 million RSU awards, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.
(3)During the three-month periods ended July 3, 2026 and June 27, 2025, an immaterial amount of PSU awards and approximately 0.4 million PSU awards, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.