Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.20.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Net Income per Common Share
The Company calculates 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 share-based awards.
The following table shows the computation of basic and diluted earnings per share for the periods presented:
in thousands, except per share data Fiscal Year Ended December 31,
2020		 Fiscal Year Ended December 26,
2019		 Fiscal Year Ended December 27,
2018
Net income $ 194,981  $ 150,631  $ 116,187 
Basic weighted average shares outstanding 102,690  99,435  96,770 
Dilutive effect of share-based awards 3,452  5,527  7,791 
Diluted weighted average shares outstanding 106,142  104,962  104,561 
Basic earnings per share $ 1.90  $ 1.51  $ 1.20 
Diluted earnings per share $ 1.84  $ 1.44  $ 1.11 
The following potentially dilutive securities were excluded from the calculation of diluted earnings per share as a result of their anti-dilutive effect:
in thousands Fiscal Year Ended December 31,
2020		 Fiscal Year Ended December 26,
2019		 Fiscal Year Ended December 27,
2018
Stock options 320  971  298