v3.26.1
Earnings Per Share
6 Months Ended
Jul. 05, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding during the period less restricted unvested shares. Diluted earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding plus all potentially dilutive common stock equivalents, primarily shares issuable upon the exercise of stock options using the treasury stock method. The following table reconciles the number of shares utilized in the earnings per share calculations:
Three Months EndedSix Months Ended
July 5,
2026
June 29,
2025
July 5,
2026
June 29,
2025
(In thousands)
Number of common shares—basic111,584 117,512 111,718 118,824 
Effect of dilutive securities:
Stock options25 
Restricted stock awards39 18 20 33 
Number of common shares—diluted111,629 117,538 111,746 118,882 
Number of potentially dilutive securities excluded from calculation due to antidilutive impact1,469 1,216 1,469 1,133 
Antidilutive securities include outstanding stock options with exercise prices and average unrecognized compensation cost in excess of the average fair market value of common stock for the related period. Antidilutive options were excluded from the calculation of diluted net income per share and could become dilutive in the future.