Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jul. 01, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table presents the calculations of basic and diluted EPS:
Three Months Ended June Six Months Ended June
(In thousands, except per share amounts) 2023 2022 2023 2022
Net income $ 36,396  $ 61,995  $ 102,692  $ 142,805 
Basic weighted average shares outstanding 56,089  55,740  55,868  56,031 
Dilutive effect of stock-based awards 757  971  1,025  1,284 
Diluted weighted average shares outstanding 56,846  56,711  56,893  57,315 
Earnings per share:
Basic earnings per common share $ 0.65  $ 1.11  $ 1.84  $ 2.55 
Diluted earnings per common share $ 0.64  $ 1.09  $ 1.80  $ 2.49