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Earnings Per Share (Tables)
6 Months Ended
Jun. 27, 2020
Earnings Per Share [Abstract]  
Schedule of Computation of Basic Earnings per Share and Diluted Earnings per Share

The following table sets forth the computation of basic earnings per share and diluted earnings per share:

 

 

 

Thirteen Weeks Ended

 

 

Twenty-Six Weeks Ended

 

(in thousands, except per share data)

 

June 27, 2020

 

 

June 29, 2019

 

 

June 27, 2020

 

 

June 29, 2019

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,885

 

 

$

21,499

 

 

$

36,660

 

 

$

44,905

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares outstanding

 

 

32,269

 

 

 

32,588

 

 

 

32,312

 

 

 

32,722

 

Effect of stock-based compensation awards

 

 

69

 

 

 

88

 

 

 

76

 

 

 

89

 

Weighted average diluted shares outstanding

 

 

32,338

 

 

 

32,676

 

 

 

32,388

 

 

 

32,811

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.43

 

 

$

0.66

 

 

$

1.13

 

 

$

1.37

 

Diluted

 

$

0.43

 

 

$

0.66

 

 

$

1.13

 

 

$

1.37