Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

v3.25.1
Earnings Per Share
3 Months Ended
Mar. 27, 2025
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 using the treasury stock method.
The following table shows the computation of basic and diluted earnings per share for the periods presented:
Thirteen Weeks Ended
in thousands, except per share data March 27, 2025 March 28, 2024
Net income $ 48,878  $ 50,032 
Basic weighted average shares outstanding 107,455  106,770 
Dilutive effect of share-based awards 987  1,485 
Diluted weighted average shares outstanding 108,442  108,255 
Basic earnings per share $ 0.45  $ 0.47 
Diluted earnings per share $ 0.45  $ 0.46 
The following potentially dilutive securities were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect:
Thirteen Weeks Ended
in thousands March 27, 2025 March 28, 2024
Stock options 40 
Restricted stock units 305