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Earnings Per Share
3 Months Ended
Mar. 25, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
3. Earnings Per Share

 

     Fiscal Quarter Ended  
     March 25,      March 26,  
     2018      2017  

Net income available to common stockholders – basic and diluted

   $ 88,827      $ 62,469  
  

 

 

    

 

 

 

Basic weighted average number of shares

     42,822,112        47,839,847  

Earnings per share – basic

   $ 2.07      $ 1.31  

Diluted weighted average number of shares

     44,377,509        49,706,023  

Earnings per share – diluted

   $ 2.00      $ 1.26  

The denominator used in calculating diluted earnings per share for common stock for the first quarter of 2018 does not include 87,420 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 first quarter of 2018 did not include 117,062 restricted performance shares, as the performance targets for these awards had not yet been met. The denominator used in calculating diluted earnings per share for common stock for the first quarter of 2017 does 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 first quarter of 2017 did not include 142,009 restricted performance shares, as the performance targets for these awards had not yet been met.