Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
 3 Months Ended
Mar. 30, 2017
Earnings Per Share  
Earnings Per Share

6. Earnings Per Share

Net Income per Common Share

We calculate 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 stock options. The following table shows the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

    

Thirteen Weeks Ended

 

 

March 30,

 

March 31,

(in thousands, except per share data)

 

2017

    

2016

Net income

 

$

11,128

 

$

7,101

Basic weighted average shares outstanding

 

 

83,529

 

 

83,376

Dilutive effect of share based awards

 

 

5,116

 

 

3,293

Diluted weighted average shares outstanding

 

 

88,645

 

 

86,669

Basic earnings per share

 

$

0.13

 

$

0.09

Diluted earnings per share

 

$

0.13

 

$

0.08

 

The following awards have been excluded from the computation of dilutive effect of share based awards because the effect would be anti‑dilutive:

 

 

 

 

 

 

    

Thirteen Weeks Ended

 

 

March 30,

 

March 31,

(in thousands)

 

2017

 

2016

Stock Options

 

2,360

 

2,208