Earnings Per Share

12 Months Ended

Dec. 25, 2025

Net Income per Common Share

The Company calculates basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding adjusted for the dilutive effect of share-based awards using the treasury stock method.

The following table shows the computation of basic and diluted earnings per share for the periods presented:


	Fiscal Year Ended
in thousands, except per share data	December 25, 2025		December 26, 2024		December 28, 2023
Net income	$	208,647	$	205,872	$	245,980
Basic weighted average shares outstanding	107,639		107,075		106,264
Dilutive effect of share-based awards	780		1,244		1,618
Diluted weighted average shares outstanding	108,419		108,319		107,882
Basic earnings per share	$	1.94	$	1.92	$	2.31
Diluted earnings per share	$	1.92	$	1.90	$	2.28

The following potentially dilutive securities were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect:


	Fiscal Year Ended
in thousands	December 25, 2025	December 26, 2024	December 28, 2023
Stock options	37	1	55
Restricted stock units	411	—	12