Floor & Decor Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Mar. 28, 2019

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
	March 28,		March 29,
(in thousands, except per share data)	2019		2018
Net income	$	30,720	$	31,871
Basic weighted average shares outstanding		97,785		95,714
Dilutive effect of share based awards		6,536		8,951
Diluted weighted average shares outstanding		104,321		104,665
Basic earnings per share	$	0.31	$	0.33
Diluted earnings per share	$	0.29	$	0.30

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
	March 28,	March 29,
(in thousands)	2019	2018
Stock options	986	98