Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

v3.25.2
Earnings Per Share
6 Months Ended
Jun. 26, 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 Twenty-six Weeks Ended
in thousands, except per share data June 26, 2025 June 27, 2024 June 26, 2025 June 27, 2024
Net income $ 63,178  $ 56,666  $ 112,056  $ 106,698 
Basic weighted average shares outstanding 107,622  107,046  107,539  106,908 
Dilutive effect of share-based awards 702  1,228  842  1,358 
Diluted weighted average shares outstanding 108,324  108,274  108,381  108,266 
Basic earnings per share $ 0.59  $ 0.53  $ 1.04  $ 1.00 
Diluted earnings per share $ 0.58  $ 0.52  $ 1.03  $ 0.99 
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 Twenty-six Weeks Ended
in thousands June 26, 2025 June 27, 2024 June 26, 2025 June 27, 2024
Stock options 44  37 
Restricted stock units 437  —  433  —