Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.21.2
Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Net Income per Common Share
The Company calculates basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding adjusted for the dilutive effect of share-based awards.
The following table shows the computation of basic and diluted earnings per share:
Thirteen Weeks Ended Thirty-nine Weeks Ended
in thousands, except per share data September 30, 2021 September 24, 2020 September 30, 2021 September 24, 2020
Net income $ 74,645  $ 68,774  $ 233,357  $ 137,841 
Basic weighted average shares outstanding 104,899  103,180  104,506  102,308 
Dilutive effect of share-based awards 2,587  3,199  2,795  3,500 
Diluted weighted average shares outstanding 107,486  106,379  107,301  105,808 
Basic earnings per share $ 0.71  $ 0.67  $ 2.23  $ 1.35 
Diluted earnings per share $ 0.69  $ 0.65  $ 2.17  $ 1.30 
The following potentially dilutive securities were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect:
Thirteen Weeks Ended Thirty-nine Weeks Ended
in thousands September 30, 2021 September 24, 2020 September 30, 2021 September 24, 2020
Stock options 66  266  66  481