Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

v3.26.3
Earnings Per Share
9 Months Ended
Sep. 24, 2026
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 Thirty-nine Weeks Ended
in thousands, except for per share data September 24, 2026 September 25, 2025 September 24, 2026 September 25, 2025
Net income $ 64,823  $ 57,260  $ 200,402  $ 169,316 
Basic weighted average shares outstanding 106,425  107,714  107,375  107,597 
Dilutive effect of share-based awards 273  754  403  815 
Diluted weighted average shares outstanding 106,698  108,468  107,778  108,412 
Basic earnings per share $ 0.61  $ 0.53  $ 1.87  $ 1.57 
Diluted earnings per share $ 0.61  $ 0.53  $ 1.86  $ 1.56 
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 Thirty-nine Weeks Ended
in thousands September 24, 2026 September 25, 2025 September 24, 2026 September 25, 2025
Stock options 137  37  137  37 
Restricted stock units 682  406  681  410