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Earnings Per Share
3 Months Ended
Mar. 26, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

3. Earnings Per Share

 

 

 

Fiscal Quarter Ended

 

 

 

March 26,

 

 

March 27,

 

 

 

2023

 

 

2022

 

Net income available to common stockholders - basic and diluted

 

$

104,770

 

 

$

90,964

 

Basic weighted average number of shares

 

 

35,391,624

 

 

 

36,000,896

 

Earnings per share – basic

 

$

2.96

 

 

$

2.53

 

Diluted weighted average number of shares

 

 

35,708,938

 

 

 

36,435,038

 

Earnings per share – diluted

 

$

2.93

 

 

$

2.50

 

 

The denominators used in calculating diluted earnings per share for common stock for the fiscal quarters ended March 26, 2023 and March 27, 2022 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 26,

 

 

March 27,

 

 

 

2023

 

 

2022

 

Anti-dilutive shares underlying stock-based awards

 

 

 

 

 

 

   Stock options

 

 

231,459

 

 

 

74,152

 

   Restricted stock awards and units

 

 

26,975

 

 

 

469

 

Performance condition not met

 

 

 

 

 

 

   Restricted stock awards and units

 

 

60,068

 

 

 

42,777