General form of registration statement for all companies including face-amount certificate companies

Earnings Per Share

v3.7.0.1
Earnings Per Share
3 Months Ended 12 Months Ended
Mar. 30, 2017
Dec. 29, 2016
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

 

(in thousands, except share and per share data)

 

March 31,
2016

 

March 30,
2017

 

Net income

 

$

7,101

 

$

11,128

 

​  

​  

​  

​  

​  

​  

​  

​  

Basic weighted average shares outstanding

 

 

83,375,562

 

 

83,529,335

 

Dilutive effect of share based awards

 

 

3,292,911

 

 

5,115,475

 

​  

​  

​  

​  

Diluted weighted average shares outstanding

 

 

86,668,473

 

 

88,644,810

 

​  

​  

​  

​  

​  

​  

​  

​  

Basic earnings per share

 

$

0.09

 

$

0.13

 

​  

​  

​  

​  

​  

​  

​  

​  

Diluted earnings per share

 

$

0.08

 

$

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 31,
2016

 

March 30,
2017

 

Stock Options

 

 

2,207,701

 

 

2,360,029

 

 

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:

                                                                                                                                                                                    

 

 

Year Ended
December 25,
2014

 

Year Ended
December 31,
2015

 

Year Ended
December 29,
2016

 

Net income (in thousands)

 

$

15,098

 

$

26,807

 

$

43,039

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Basic weighted average shares outstanding

 

 

83,222,330

 

 

83,365,218

 

 

83,432,157

 

Dilutive effect of share based awards

 

 

2,429,419

 

 

2,915,689

 

 

4,998,830

 

​  

​  

​  

​  

​  

​  

Diluted weighted average shares outstanding

 

 

85,651,749

 

 

86,280,907

 

 

88,430,987

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Basic earnings per share

 

$

0.18

 

$

0.32

 

$

0.52

 

Diluted earnings per share

 

$

0.18

 

$

0.31

 

$

0.49

 

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

                                                                                                                                                                                    

 

 

Year Ended
December 25,
2014

 

Year Ended
December 31,
2015

 

Year Ended
December 29,
2016

 

Stock Options

 

 

1,536,690

 

 

1,856,579

 

 

2,003,651