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Earnings Per Share
6 Months Ended
Jun. 17, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

4. Earnings Per Share

 

     Fiscal Quarter Ended      Two Fiscal Quarters Ended  
     June 17,
2018
     June 18,
2017
     June 17,
2018
     June 18,
2017
 

Net income available to common stockholders – basic and diluted

   $ 77,408      $ 65,741      $ 166,235      $ 128,210  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic weighted average number of shares

     42,044,035        47,972,526        42,433,073        47,906,187  

Earnings per share – basic

   $ 1.84      $ 1.37      $ 3.92      $ 2.68  

Diluted weighted average number of shares

     43,582,996        49,776,821        43,981,253        49,741,794  

Earnings per share – diluted

   $ 1.78      $ 1.32      $ 3.78      $ 2.58  

The denominators used in calculating diluted earnings per share for common stock for the second quarter and two fiscal quarters of 2018 do not include 68,760 and 90,670 options, respectively, 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 and two fiscal quarters of 2018 do not include 116,624 restricted performance shares, as the performance targets for these awards had not yet been met. The denominators used in calculating diluted earnings per share for common stock for the second quarter 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 denominators used in calculating diluted earnings per share for the second quarter and two fiscal quarters of 2017 do not include 141,296 restricted performance shares, as the performance targets for these awards had not yet been met.