Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
 9 Months Ended
Sep. 27, 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

    

Thirty-nine Weeks Ended

 

 

September 27,

 

September 28,

 

September 27,

 

September 28,

(in thousands, except per share data)

 

2018

    

2017

 

2018

    

2017

Net income

 

$

26,568

 

$

23,255

 

$

98,285

 

$

54,812

Basic weighted average shares outstanding

 

 

97,254

 

 

94,439

 

 

96,551

 

 

89,614

Dilutive effect of share based awards

 

 

7,311

 

 

9,461

 

 

8,185

 

 

8,452

Diluted weighted average shares outstanding

 

 

104,565

 

 

103,900

 

 

104,736

 

 

98,066

Basic earnings per share

 

$

0.27

 

$

0.25

 

$

1.02

 

$

0.61

Diluted earnings per share

 

$

0.25

 

$

0.22

 

$

0.94

 

$

0.56

 

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

    

Thirty-nine Weeks Ended

 

 

September 27,

 

September 28,

 

September 27,

 

September 28,

(in thousands)

 

2018

 

2017

 

2018

 

2017

Stock options

 

209

 

12

 

168

 

718