Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
12 Months Ended
Dec. 27, 2018
Earnings Per Share  
Earnings Per Share

12. 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

    

Year Ended

    

Year Ended

 

 

 

December 27,

 

December 28,

 

December 29,

(in thousands, except per share data)

 

 

2018

 

2017

 

2016

Net income

 

 

$

116,187

 

$

102,788

 

$

43,039

Basic weighted average shares outstanding

 

 

 

96,770

 

 

90,951

 

 

83,432

Dilutive effect of share based awards

 

 

 

7,791

 

 

8,709

 

 

4,999

Diluted weighted average shares outstanding

 

 

 

104,561

 

 

99,660

 

 

88,431

Basic earnings per share

 

 

$

1.20

 

$

1.13

 

$

0.52

Diluted earnings per share

 

 

$

1.11

 

$

1.03

 

$

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

    

Year Ended

    

Year Ended

 

 

December 27,

 

December 28,

 

December 29,

(in thousands)

 

2018

 

2017

 

2016

Stock options

 

298

 

849

 

2,004