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Earnings Per Share
3 Months Ended
Mar. 27, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

3. Earnings Per Share

 

 

 

Fiscal Quarter Ended

 

 

 

March 27,

 

 

March 28,

 

 

 

2022

 

 

2021

 

Net income available to common stockholders - basic and diluted

 

$

90,964

 

 

$

117,761

 

Basic weighted average number of shares

 

 

36,000,896

 

 

 

38,700,225

 

Earnings per share – basic

 

$

2.53

 

 

$

3.04

 

Diluted weighted average number of shares

 

 

36,435,038

 

 

 

39,208,383

 

Earnings per share – diluted

 

$

2.50

 

 

$

3.00

 

 

The denominators used in calculating diluted earnings per share for common stock for the fiscal quarters ended March 27, 2022 and March 28, 2021 do not include the following because the effect of including these shares would be anti-dilutive or because the performance targets for these awards had not yet been met:

 

 

 

Fiscal Quarter Ended

 

 

 

March 27,

 

 

March 28,

 

 

 

2022

 

 

2021

 

Anti-dilutive shares underlying stock-based awards

 

 

 

 

 

 

   Stock options

 

 

74,152

 

 

 

51,490

 

   Restricted stock awards and units

 

 

469

 

 

 

 

Performance condition not met

 

 

 

 

 

 

   Restricted stock awards and units

 

 

42,777

 

 

 

65,967