Annual report [Section 13 and 15(d), not S-K Item 405]

Earnings Per Share

v3.25.4
Earnings Per Share
 12 Months Ended
Dec. 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:
Fiscal Year Ended
in thousands, except per share data December 25,
2025		 December 26,
2024		 December 28,
2023
Net income $ 208,647  $ 205,872  $ 245,980 
Basic weighted average shares outstanding 107,639  107,075  106,264 
Dilutive effect of share-based awards 780  1,244  1,618 
Diluted weighted average shares outstanding 108,419  108,319  107,882 
Basic earnings per share $ 1.94  $ 1.92  $ 2.31 
Diluted earnings per share $ 1.92  $ 1.90  $ 2.28 
The following potentially dilutive securities were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect:
Fiscal Year Ended
in thousands December 25,
2025		 December 26,
2024		 December 28,
2023
Stock options 37  1  55 
Restricted stock units 411  —  12