Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.1
Earnings Per Share
3 Months Ended
Mar. 31, 2022
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
in thousands, except per share data March 31, 2022 April 1, 2021
Net income $ 70,951  $ 75,796 
Basic weighted average shares outstanding 105,398  104,073 
Dilutive effect of share-based awards 2,141  3,026 
Diluted weighted average shares outstanding 107,539  107,099 
Basic earnings per share $ 0.67  $ 0.73 
Diluted earnings per share $ 0.66  $ 0.71 
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
in thousands March 31, 2022 April 1, 2021
Stock options 70  81 
Restricted stock —  18 
Restricted stock units 212  100