Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.21.1
Earnings Per Share
3 Months Ended
Apr. 01, 2021
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.
The following table shows the computation of basic and diluted earnings per share:
Thirteen Weeks Ended
in thousands, except per share data April 1, 2021 March 26, 2020
Net income $ 75,796  $ 37,063 
Basic weighted average shares outstanding 104,073  101,629 
Dilutive effect of share-based awards 3,026  3,881 
Diluted weighted average shares outstanding 107,099  105,510 
Basic earnings per share $ 0.73  $ 0.36 
Diluted earnings per share $ 0.71  $ 0.35 
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
in thousands April 1, 2021 March 26, 2020
Stock options 81  590 
Restricted stock 18  284 
Restricted stock units 100  108