Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Apr. 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 March
(In thousands, except per share amounts) 2023 2022
Net income $ 66,296  $ 80,810 
Basic weighted average shares outstanding 55,646  56,321 
Dilutive effect of stock-based awards 1,294  1,515 
Diluted weighted average shares outstanding 56,940  57,836 
Earnings per share:
Basic earnings per common share $ 1.19  $ 1.43 
Diluted earnings per common share $ 1.16  $ 1.40