Earnings Per Share

6 Months Ended

Jun. 18, 2017

3. Earnings Per Share


	Fiscal Quarter Ended				Two Fiscal Quarters Ended
	June 18,		June 19,		June 18,		June 19,
	2017		2016		2017		2016
Net income available to common stockholders - basic and diluted	$	65,741	$	49,261	$	128,210	$	94,712

Basic weighted average number of shares		47,972,526		49,213,330		47,906,187		49,455,412
Earnings per share - basic	$	1.37	$	1.00	$	2.68	$	1.92
Diluted weighted average number of shares		49,776,821		50,459,754		49,741,794		50,846,941
Earnings per share - diluted	$	1.32	$	0.98	$	2.58	$	1.86

The denominators used in calculating diluted earnings per share for common stock for the second quarter of 2017 and two fiscal quarters of 2017 do not include 69,010 options to purchase common stock, as the effect of including these options would have been anti-dilutive. The denominator used in calculating diluted earnings per share for the two fiscal quarters of 2017 does not include 13,050 restricted performance shares, as the effect of including these shares would have been anti-dilutive. The denominators used in calculating diluted earnings per share for common stock for the second quarter of 2016 and two fiscal quarters of 2016 do not include 216,690 options to purchase common stock, as the effect of including these options would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the second quarter of 2016 and two fiscal quarters of 2016 do not include 17,870 and 23,560 restricted performance shares, respectively, as the effect of including these shares would have been anti-dilutive.