Earnings Per Share

3 Months Ended

Mar. 22, 2020

3. Earnings Per Share


	Fiscal Quarter Ended
	March 22,		March 24,
	2020		2019
Net income available to common stockholders - basic and diluted	$	121,602	$	92,650

Basic weighted average number of shares		38,665,924		40,865,532
Earnings per share – basic	$	3.14	$	2.27
Diluted weighted average number of shares		39,633,404		42,202,429
Earnings per share – diluted	$	3.07	$	2.20

The denominator used in calculating diluted earnings per share for the first quarter of 2020 does not include 128,280 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 2020 does not include 84,765 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 the first quarter of 2019 does not include 71,880 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 2019 does not include 1,800 shares subject to restricted stock awards, as the effect of including these shares would have been anti-dilutive. The denominator used in calculating diluted earnings per share for the first quarter of 2019 does not include 96,712 restricted performance shares, as the performance targets for these awards had not yet been met.