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Calculation of Earnings Per Share (Tables)
 3 Months Ended
Mar. 27, 2016
Earnings Per Share  
Schedule of Earnings Per Share, Basic and Diluted

The calculations of basic and diluted earnings per common share are as follows (in thousands, except per-share data):

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 27,

 

March 29,

 

 

    

2016

    

2015

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

 

 

Net income attributable to the Company

 

$
26,182

 

$
22,236

 

Change in noncontrolling interest redemption value

 

 
220

 

 
70

 

Net income attributable to participating securities

 

 
(110)

 

 
(100)

 

Net income attributable to common shareholders

 

$
26,292

 

$
22,206

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 
37,931

 

 
39,827

 

Basic earnings per common share

 

$
0.69

 

$
0.56

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$
26,292

 

$
22,206

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 
37,931

 

 
39,827

 

Dilutive effect of outstanding equity awards (a)

 

 
366

 

 
683

 

Diluted weighted average common shares outstanding

 

 
38,297

 

 
40,510

 

Diluted earnings per common share

 

$
0.69

 

$
0.55

 

(a) Excludes 476 awards for the three months ended March 27, 2016 and 112 awards for the three months ended March 29, 2015, as the effect of including such awards would have been antidilutive.