Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.22.0.1
Earnings Per Share
 12 Months Ended
Dec. 30, 2021
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:
Fiscal Year Ended
in thousands, except per share data December 30,
2021		 December 31,
2020		 December 26,
2019
Net income $ 283,230  $ 194,981  $ 150,631 
Basic weighted average shares outstanding 104,683  102,690  99,435 
Dilutive effect of share-based awards 2,707  3,452  5,527 
Diluted weighted average shares outstanding 107,390  106,142  104,962 
Basic earnings per share $ 2.71  $ 1.90  $ 1.51 
Diluted earnings per share $ 2.64  $ 1.84  $ 1.44 
The following potentially dilutive securities were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect:
Fiscal Year Ended
in thousands December 30,
2021		 December 31,
2020		 December 26,
2019
Stock options 71  320  971