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Earnings per Share (Tables)
12 Months Ended
Dec. 25, 2016
Earnings per Share  
Schedule of Earnings Per Share, Basic and Diluted

 

The calculations of basic earnings per common share and diluted earnings per common share for the years ended December 25, 2016, December 27, 2015 and December 28, 2014 are as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

Net income attributable to the Company

 

$

102,820

 

$

75,682

 

$

73,315

Change in noncontrolling interest redemption value

 

 

567

 

 

65

 

 

(44)

Net income attributable to participating securities

 

 

(420)

 

 

(325)

 

 

(402)

Net income attributable to common shareholders

 

$

102,967

 

$

75,422

 

$

72,869

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

37,253

 

 

39,458

 

 

40,960

Basic earnings per common share

 

$

2.76

 

$

1.91

 

$

1.78

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$

102,967

 

$

75,422

 

$

72,869

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

37,253

 

 

39,458

 

 

40,960

Dilutive effect of outstanding equity awards

 

 

355

 

 

542

 

 

758

Diluted weighted average common shares outstanding

 

 

37,608

 

 

40,000

 

 

41,718

Diluted earnings per common share

 

$

2.74

 

$

1.89

 

$

1.75