Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
 3 Months Ended
Mar. 29, 2018
Earnings Per Share  
Earnings Per Share

8. 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 29,

 

March 30,

(in thousands, except per share data)

 

2018

    

2017

Net income

 

$

31,871

 

$

11,128

Basic weighted average shares outstanding

 

 

95,714

 

 

83,529

Dilutive effect of share based awards

 

 

8,951

 

 

5,116

Diluted weighted average shares outstanding

 

 

104,665

 

 

88,645

Basic earnings per share

 

$

0.33

 

$

0.13

Diluted earnings per share

 

$

0.30

 

$

0.13

 

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 29,

 

March 30,

 

(in thousands)

 

2018

 

2017

 

Stock Options

 

98

 

2,360