Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
 6 Months Ended
Jun. 29, 2017
Earnings Per Share  
Earnings Per Share

7. Earnings Per Share

Net Income per Common Share

We calculate 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 stock options. The following table shows the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Thirteen Weeks Ended

    

Twenty-six Weeks Ended

 

 

June 29,

 

June 30,

 

June 29,

 

June 30,

(in thousands, except share and per share data)

 

2017

    

2016

 

2017

    

2016

Net income

 

$

20,429

 

$

5,012

 

$

31,557

 

$

12,113

Basic weighted average shares outstanding

 

 

90,861,205

 

 

83,385,114

 

 

87,195,269

 

 

83,380,338

Dilutive effect of share based awards

 

 

9,057,744

 

 

4,513,075

 

 

7,705,158

 

 

4,954,712

Diluted weighted average shares outstanding

 

 

99,918,949

 

 

87,898,189

 

 

94,900,427

 

 

88,335,050

Basic earnings per share

 

$

0.22

 

$

0.06

 

$

0.36

 

$

0.15

Diluted earnings per share

 

$

0.20

 

$

0.06

 

$

0.33

 

$

0.14

 

The following awards have been excluded from the computation of dilutive effect of share based awards because the effect would be anti‑dilutive:

 

 

 

 

 

 

 

 

 

 

    

Thirteen Weeks Ended

    

Twenty-six Weeks Ended

 

 

June 29,

 

June 30,

 

June 29,

 

June 30,

 

 

2017

 

2016

 

2017

 

2016

Stock Options

 

892,356

 

1,714,986

 

452,697

 

2,250,726