Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

v3.25.3
Earnings Per Share
9 Months Ended
Sep. 25, 2025
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 using the treasury stock method.
The following table shows the computation of basic and diluted earnings per share for the periods presented:
Thirteen Weeks Ended Thirty-nine Weeks Ended
in thousands, except per share data September 25, 2025 September 26, 2024 September 25, 2025 September 26, 2024
Net income $ 57,260  $ 51,690  $ 169,316  $ 158,388 
Basic weighted average shares outstanding 107,714  107,185  107,597  107,000 
Dilutive effect of share-based awards 754  1,107  815  1,282 
Diluted weighted average shares outstanding 108,468  108,292  108,412  108,282 
Basic earnings per share $ 0.53  $ 0.48  $ 1.57  $ 1.48 
Diluted earnings per share $ 0.53  $ 0.48  $ 1.56  $ 1.46 
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 25, 2025 September 26, 2024 September 25, 2025 September 26, 2024
Stock options 37  37 
Restricted stock units 406  410