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Earnings Per Share (Tables)
6 Months Ended
Jun. 19, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

 

 

Fiscal Quarter Ended

 

 

Two Fiscal Quarters Ended

 

 

 

June 19,

 

 

June 20,

 

 

June 19,

 

 

June 20,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income available to common stockholders - basic and diluted

 

$

102,493

 

 

$

116,619

 

 

$

193,457

 

 

$

234,380

 

Basic weighted average number of shares

 

 

35,915,102

 

 

 

37,590,369

 

 

 

35,957,999

 

 

 

38,145,297

 

Earnings per share – basic

 

$

2.85

 

 

$

3.10

 

 

$

5.38

 

 

$

6.14

 

Diluted weighted average number of shares

 

 

36,296,277

 

 

 

38,122,515

 

 

 

36,368,297

 

 

 

38,665,325

 

Earnings per share – diluted

 

$

2.82

 

 

$

3.06

 

 

$

5.32

 

 

$

6.06

 

Schedule of Denominators Used in Calculating Earning Per Common Share

The denominators used in calculating diluted earnings per share for common stock for the fiscal quarters and two fiscal quarters each ended June 19, 2022 and June 20, 2021 do not include the following because the effect of including these shares would be anti-dilutive or because the performance condition for these awards had not yet been met:

 

 

 

Fiscal Quarter Ended

 

 

Two Fiscal Quarters Ended

 

 

 

June 19,

 

 

June 20,

 

 

June 19,

 

 

June 20,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Anti-dilutive shares underlying stock-based awards

 

 

 

 

 

 

 

 

 

 

 

 

   Stock options

 

 

120,540

 

 

 

84,955

 

 

 

120,540

 

 

 

92,689

 

   Restricted stock awards and units

 

 

67,677

 

 

 

 

 

 

346

 

 

 

 

Performance condition not met

 

 

 

 

 

 

 

 

 

 

 

 

   Restricted stock awards and units

 

 

42,710

 

 

 

64,110

 

 

 

42,710

 

 

 

64,110