EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2017

EARNINGS PER SHARE

Computation of earnings per share

The computation of earnings per share (“EPS”) is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,		September 24,		September 30,		September 24,
	2017		2016		2017		2016
Numerator:
Net earnings attributable to controlling interest	$	33,693	$	27,819	$	88,397	$	80,429
Adjustment for earnings allocated to non-vested restricted common stock		(656)		(463)		(1,633)		(1,281)
Net earnings for calculating EPS	$	33,037	$	27,356	$	86,764	$	79,148
Denominator:
Weighted average shares outstanding		20,474		20,402		20,481		20,360
Adjustment for non-vested restricted common stock		(399)		(340)		(378)		(324)
Shares for calculating basic EPS		20,075		20,062		20,103		20,036
Effect of dilutive stock options		41		33		37		32
Shares for calculating diluted EPS		20,116		20,095		20,140		20,068
Net earnings per share:
Basic	$	1.65	$	1.36	$	4.32	$	3.95
Diluted	$	1.64	$	1.36	$	4.31	$	3.94

Schedule of pro forma earnings per share

	Three Months Ended				Nine Months Ended
	September 30,		September 24,		September 30,		September 24,
	2017		2016		2017		2016
Shares for calculating basic EPS - Post stock split basis		60,225		60,186		60,309		60,108
Shares for calculating diluted EPS - Post stock split basis		60,348		60,285		60,420		60,204
Net earnings per share (post stock split):
Basic	$	0.55	$	0.45	$	1.44	$	1.32
Diluted	$	0.55	$	0.45	$	1.44	$	1.31