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Earnings Per Share
8 Months Ended
Sep. 09, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

4. Earnings Per Share

 

     Fiscal Quarter Ended      Three Fiscal Quarters Ended  
     September 9,
2018
     September 10,
2017
     September 9,
2018
     September 10,
2017
 

Net income available to common stockholders - basic and diluted

   $ 84,095      $ 56,368      $ 250,330      $ 184,578  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic weighted average number of shares

     41,585,933        46,034,807        42,150,693        47,282,393  

Earnings per share – basic

   $ 2.02      $ 1.22      $ 5.94      $ 3.90  

Diluted weighted average number of shares

     43,067,191        47,715,788        43,675,627        49,066,610  

Earnings per share – diluted

   $ 1.95      $ 1.18      $ 5.73      $ 3.76  

The denominators used in calculating diluted earnings per share for the third quarter and three fiscal quarters of 2018 do not include 76,130 and 137,156 options to purchase common stock, respectively, as the effect of including these options would have been anti-dilutive. The denominator used in calculating diluted earnings per share for the three fiscal quarters of 2018 does not include 28,570 shares subject to restricted stock awards, as the effect of including these shares would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the third quarter and three fiscal quarters of 2018 do not include 160,998 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 the third quarter of 2017 and three fiscal quarters of 2017 do not include 141,870 and 146,200 options to purchase common stock, respectively, as the effect of including these options would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the third quarter and three fiscal quarters of 2017 do not include 193,194 restricted performance shares, as the performance targets for these awards had not yet been met.