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Change in Accounting Estimate for Self-Insured Claims (Tables)
9 Months Ended
Sep. 28, 2024
Effect of Increase in Cost of Insurance and Claims
The following table summarizes the adverse effect of the increase in the cost of insurance claims resulting from unfavorable development of prior year self-insured claims estimates on operating income, net income and basic and diluted earnings per share set forth in the consolidated statements of income for the thirty-nine-week and thirteen-week periods ended September 28, 2024 and September 30, 2023 (in thousands, except per share
amounts):
 
 
  
Thirty-Nine Weeks Ended
 
  
Thirteen Weeks Ended
 
 
  
September 28,

2024
 
  
September 30,

2023
 
  
September 28,

2024
 
  
September 30,

2023
 
Operating income
   $  6,666      $  5,154      $  4,550      $  2,323  
Net income
   $ 5,046      $ 3,896      $ 3,444      $ 1,756  
Basic and diluted earnings per share
   $ 0.14      $ 0.11      $ 0.10      $ 0.05