Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.2
Earnings Per Share
 9 Months Ended
Sep. 24, 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 Thirty-nine Weeks Ended
in thousands, except per share data September 24, 2020 September 26, 2019 September 24, 2020 September 26, 2019
Net income $ 68,774  $ 40,974  $ 137,841  $ 115,290 
Basic weighted average shares outstanding 103,180  100,137  102,308  98,855 
Dilutive effect of share-based awards 3,199  5,043  3,500  5,957 
Diluted weighted average shares outstanding 106,379  105,180  105,808  104,812 
Basic earnings per share $ 0.67  $ 0.41  $ 1.35  $ 1.17 
Diluted earnings per share $ 0.65  $ 0.39  $ 1.30  $ 1.10 
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 Thirty-nine Weeks Ended
in thousands September 24, 2020 September 26, 2019 September 24, 2020 September 26, 2019
Stock options 266  281  481  997