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Earnings Per Share (Tables)
6 Months Ended
Jun. 16, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

 

 

Fiscal Quarter Ended

 

 

Two Fiscal Quarters Ended

 

 

 

June 16,

 

 

June 18,

 

 

June 16,

 

 

June 18,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net income available to common stockholders - basic and diluted

 

$

141,978

 

 

$

109,380

 

 

$

267,802

 

 

$

214,150

 

Basic weighted average number of shares

 

 

34,904,786

 

 

 

35,199,067

 

 

 

34,852,548

 

 

 

35,295,346

 

Earnings per share – basic

 

$

4.07

 

 

$

3.11

 

 

$

7.68

 

 

$

6.07

 

Diluted weighted average number of shares

 

 

35,224,080

 

 

 

35,492,423

 

 

 

35,199,277

 

 

 

35,601,335

 

Earnings per share – diluted

 

$

4.03

 

 

$

3.08

 

 

$

7.61

 

 

$

6.02

 

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 16, 2024 and June 18, 2023 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

 

 

Two Fiscal Quarters Ended

 

 

 

June 16,

 

 

June 18,

 

 

June 16,

 

 

June 18,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Anti-dilutive shares underlying stock-based awards

 

 

 

 

 

 

 

 

 

 

 

 

   Stock options

 

 

44,305

 

 

 

227,276

 

 

 

46,669

 

 

 

229,156

 

   Restricted stock awards and units

 

 

 

 

 

35,064

 

 

 

 

 

 

36,378

 

Performance condition not met

 

 

 

 

 

 

 

 

 

 

 

 

   Restricted stock awards and units

 

 

49,908

 

 

 

59,675

 

 

 

49,908

 

 

 

59,675