The Company presents both basic and diluted net income per share on the Consolidated Statements of Income. Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average diluted shares outstanding during the period. Dilutive shares are computed using the treasury stock method for share-based awards. Performance-based restricted share units are included in diluted shares only if the related performance conditions are considered satisfied as of the end of the reporting period. Net income per share is calculated as follows (in thousands, except per share amounts):


	Fiscal Three Months Ended
	June 27, 2026					June 28, 2025
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic net income per share:	$	360,715	523,729	$	0.69	$	430,043	530,331	$	0.81
Dilutive effect of share-based awards	—		886	—		—		1,874	—
Diluted net income per share:	$	360,715	524,615	$	0.69	$	430,043	532,205	$	0.81

	Fiscal Six Months Ended
	June 27, 2026					June 28, 2025
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic net income per share:	$	525,239	525,068	$	1.00	$	609,412	531,030	$	1.15
Dilutive effect of share-based awards	—		1,348	—		—		2,122	(0.01)
Diluted net income per share:	$	525,239	526,416	$	1.00	$	609,412	533,152	$	1.14

Anti-dilutive stock awards excluded from the above calculations totaled approximately 4.7 million shares for the fiscal three months ended June 27, 2026 and approximately 1.3 million shares for the fiscal three months ended June 28, 2025. Anti-dilutive stock awards excluded from the above calculations totaled approximately 3.3 million shares for the fiscal six months ended June 27, 2026 and approximately 0.8 million shares for the fiscal six months ended June 28, 2025.