Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.22.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jul. 02, 2022
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) 2022 2021 2022 2021
Net income $ 61,995  $ 23,637  $ 142,805  $ 88,100 
Basic weighted average shares outstanding 55,740  57,612  56,031  57,478 
Dilutive effect of stock-based awards 971  1,744  1,284  1,651 
Diluted weighted average shares outstanding 56,711  59,356  57,315  59,129 
Earnings per share:
Basic earnings per common share $ 1.11  $ 0.41  $ 2.55  $ 1.53 
Diluted earnings per common share $ 1.09  $ 0.40  $ 2.49  $ 1.49