(In thousands, except per share information)

13-Weeks Ended

39-Weeks Ended

September 30,

September 24,

September 30,

September 24,

2023

2022

2023

2022

GAAP net income

$

257,243

$

210,848

$

747,509

$

680,313

Foreign currency gains / losses⁽¹⁾

11,539

29,863

(6,946)

55,809

Tax effect of foreign currency gains/ losses⁽²⁾

(828)

(1,277)

574

(4,159)

Pro forma discrete tax item⁽³⁾

2,269

—

2,269

—

Pro forma net income

$

270,223

$

239,434

$

743,406

$

731,963

GAAP net income per share:

Basic

$

1.34

$

1.09

$

3.91

$

3.53

Diluted

$

1.34

$

1.09

$

3.90

$

3.52

Pro forma net income per share:

Basic

$

1.41

$

1.24

$

3.88

$

3.79

Diluted

$

1.41

$

1.24

$

3.88

$

3.79

Weighted average common shares outstanding:

Basic

191,435

192,672

191,409

192,878

Diluted

191,868

193,105

191,772

193,378

(1) Foreign currency gains and losses for the Company are driven by movements of a number of currencies in relation to the U.S. Dollar and the related exchange rate impact on the significant
cash, receivables, and payables held in a currency other than the functional currency at a given legal entity. However, there is minimal cash impact from such foreign currency gains and losses.

(2) The tax effect of foreign currency gains and losses was calculated using the pro forma effective tax rates of 7.2% and 8.3% for the 13-weeks and 39-weeks ended September 30, 2023,
respectively and 4.3% and 7.5% for the 13-weeks and 39-weeks ended September 24, 2022, respectively.

(3) The discrete tax item is discussed in the pro forma effective tax rate section above.