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Earnings Per Share (Tables)
8 Months Ended
Sep. 11, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

 

 

Fiscal Quarter Ended

 

 

Three Fiscal Quarters Ended

 

 

 

September 11,

 

 

September 12,

 

 

September 11,

 

 

September 12,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income available to common stockholders - basic and diluted

 

$

100,504

 

 

$

120,402

 

 

$

293,961

 

 

$

354,782

 

Basic weighted average number of shares

 

 

35,692,744

 

 

 

36,627,660

 

 

 

35,869,581

 

 

 

37,639,418

 

Earnings per share – basic

 

$

2.82

 

 

$

3.29

 

 

$

8.20

 

 

$

9.43

 

Diluted weighted average number of shares

 

 

36,062,316

 

 

 

37,130,209

 

 

 

36,265,918

 

 

 

38,144,509

 

Earnings per share – diluted

 

$

2.79

 

 

$

3.24

 

 

$

8.11

 

 

$

9.30

 

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 three fiscal quarters each ended September 11, 2022 and September 12, 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

 

 

Three Fiscal Quarters Ended

 

 

 

September 11,

 

 

September 12,

 

 

September 11,

 

 

September 12,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Anti-dilutive shares underlying stock-based awards

 

 

 

 

 

 

 

 

 

 

 

 

   Stock options

 

 

116,641

 

 

 

625

 

 

 

117,328

 

 

 

80,103

 

   Restricted stock awards and units

 

 

1,561

 

 

 

 

 

 

1,285

 

 

 

5,641

 

Performance condition not met

 

 

 

 

 

 

 

 

 

 

 

 

   Restricted stock awards and units

 

 

41,800

 

 

 

62,131

 

 

 

41,800

 

 

 

62,131