Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
 9 Months Ended
Sep. 28, 2017
Earnings Per Share  
Earnings Per Share

7. 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

    

Thirty-nine Weeks Ended

 

 

September 28,

 

September 29,

 

September 28,

 

September 29,

(in thousands, except share and per share data)

 

2017

    

2016

 

2017

    

2016

Net income

 

$

23,255

 

$

14,219

 

$

54,812

 

$

26,332

Basic weighted average shares outstanding

 

 

94,439,204

 

 

83,457,037

 

 

89,613,542

 

 

83,405,904

Dilutive effect of share based awards

 

 

9,460,398

 

 

4,911,652

 

 

8,452,267

 

 

4,846,287

Diluted weighted average shares outstanding

 

 

103,899,602

 

 

88,368,689

 

 

98,065,809

 

 

88,252,191

Basic earnings per share

 

$

0.25

 

$

0.17

 

$

0.61

 

$

0.32

Diluted earnings per share

 

$

0.22

 

$

0.16

 

$

0.56

 

$

0.30

 

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

    

Thirty-nine Weeks Ended

 

 

September 28,

 

September 29,

 

September 28,

 

September 29,

 

 

2017

 

2016

 

2017

 

2016

Stock Options

 

11,664

 

1,903,466

 

717,685

 

2,332,976