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

6 Months Ended

Jun. 27, 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				Twenty-six Weeks Ended
	June 27,		June 28,		June 27,		June 28,
(in thousands, except per share data)	2019		2018		2019		2018
Net income	$	43,596	$	39,846	$	74,316	$	71,717
Basic weighted average shares outstanding		98,642		96,684		98,214		96,199
Dilutive effect of share based awards		6,198		8,253		6,392		8,609
Diluted weighted average shares outstanding		104,840		104,937		104,606		104,808
Basic earnings per share	$	0.44	$	0.41	$	0.76	$	0.75
Diluted earnings per share	$	0.42	$	0.38	$	0.71	$	0.68

The following awards have been excluded from the computation of dilutive earnings per share because the effect would be anti-dilutive:


	Thirteen Weeks Ended		Twenty-six Weeks Ended
	June 27,	June 28,	June 27,	June 28,
(in thousands)	2019	2018	2019	2018
Stock options	1,011	181	1,003	130