Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.2
Earnings Per Share
 6 Months Ended
Jun. 25, 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:​
​ Thirteen Weeks Ended Twenty-six Weeks Ended
in thousands, except per share data June 25, 2020 June 27, 2019 June 25, 2020 June 27, 2019
Net income $ 32,004    $ 43,596    $ 69,067    $ 74,316   
Basic weighted average shares outstanding 102,114    98,642    101,872    98,214   
Dilutive effect of share-based awards 3,352    6,198    3,604    6,392   
Diluted weighted average shares outstanding 105,466    104,840    105,476    104,606   
Basic earnings per share $ 0.31    $ 0.44    $ 0.68    $ 0.76   
Diluted earnings per share $ 0.30    $ 0.42    $ 0.65    $ 0.71   
The following share-based awards have been excluded from the computation of dilutive earnings per share because their effect would be anti-dilutive:​
​ Thirteen Weeks Ended Twenty-six Weeks Ended
in thousands June 25, 2020 June 27, 2019 June 25, 2020 June 27, 2019
Stock options 591    1,011    599    1,003   
Restricted stock 260    —    260    —   
Restricted stock units 106    —    106    —