Floor & Decor Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Jun. 28, 2018

Earnings Per Share

Earnings Per Share

9. 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				Twenty-six Weeks Ended
	June 28,		June 29,		June 28,		June 29,
(in thousands, except per share data)	2018		2017		2018		2017
Net income	$	39,846	$	20,429	$	71,717	$	31,557
Basic weighted average shares outstanding		96,684		90,861		96,199		87,195
Dilutive effect of share based awards		8,253		9,058		8,609		7,705
Diluted weighted average shares outstanding		104,937		99,919		104,808		94,900
Basic earnings per share	$	0.41	$	0.22	$	0.75	$	0.36
Diluted earnings per share	$	0.38	$	0.20	$	0.68	$	0.33

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		Twenty-six Weeks Ended
	June 28,	June 29,	June 28,	June 29,
(in thousands)	2018	2017	2018	2017
Stock options	181	892	130	453