Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
 12 Months Ended
Dec. 28, 2017
Earnings Per Share  
Earnings Per Share

11. 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:

 

 

 

 

 

 

 

 

 

 

 

    

Year Ended

    

Year Ended

    

Year Ended

 

 

December 28,

 

December 29,

 

December 31,

(in thousands, except per share data)

 

2017

 

2016

 

2015

Net income

 

$

102,788

 

$

43,039

 

$

26,807

Basic weighted average shares outstanding

 

 

90,951

 

 

83,432

 

 

83,365

Dilutive effect of share based awards

 

 

8,709

 

 

4,999

 

 

2,916

Diluted weighted average shares outstanding

 

 

99,660

 

 

88,431

 

 

86,281

Basic earnings per share

 

$

1.13

 

$

0.52

 

$

0.32

Diluted earnings per share

 

$

1.03

 

$

0.49

 

$

0.31

 

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

 

 

 

 

 

 

 

 

    

Year Ended

    

Year Ended

    

Year Ended

 

 

December 28,

 

December 29,

 

December 31,

(in thousands)

 

2017

 

2016

 

2015

Stock Options

 

849

 

2,004

 

1,857