Earnings per Share

6 Months Ended

Jun. 30, 2024

7. Earnings per Share

Basic earnings per common share are computed by dividing net income attributable to common shareholders by the weighted-average common shares outstanding. Diluted earnings per common share are computed by dividing the net income attributable to common shareholders by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding consist of basic weighted average common shares outstanding plus weighted average awards outstanding under our equity compensation plans, which are dilutive securities.

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


	Three Months Ended				Six Months Ended
	June 30, 2024		June 25, 2023		June 30, 2024		June 25, 2023
Net income available to common stockholders	$	12,243	$	17,768	$	26,879	$	40,144
Basic weighted average number of shares	32,730		32,563		32,688		33,359
Dilutive effect of outstanding equity awards (a)	123		87		183		128
Diluted weighted average number of shares	32,853		32,650		32,871		33,487
Basic earnings per common share	$	0.37	$	0.55	$	0.82	$	1.20
Diluted earnings per common share	$	0.37	$	0.54	$	0.82	$	1.20

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(a) Excludes 377,000 and 207,000 shares underlying equity awards for the three and six months ended June 30, 2024, respectively, and 103,000 and 49,000 shares underlying awards for the three and six months ended June 25, 2023, respectively, as the effect of including such awards would have been anti-dilutive.