Earnings Per Share

9 Months Ended

Sep. 24, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Net Income per Common Share

The Company calculates basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding adjusted for the dilutive effect of share-based awards.

The following table shows the computation of basic and diluted earnings per share:​

​	Thirteen Weeks Ended				Thirty-nine Weeks Ended
in thousands, except per share data	September 24, 2020		September 26, 2019		September 24, 2020		September 26, 2019
Net income	$	68,774	$	40,974	$	137,841	$	115,290
Basic weighted average shares outstanding	103,180		100,137		102,308		98,855
Dilutive effect of share-based awards	3,199		5,043		3,500		5,957
Diluted weighted average shares outstanding	106,379		105,180		105,808		104,812
Basic earnings per share	$	0.67	$	0.41	$	1.35	$	1.17
Diluted earnings per share	$	0.65	$	0.39	$	1.30	$	1.10

The following share-based awards have been excluded from the computation of dilutive earnings per share because their effect would be anti-dilutive:​

​	Thirteen Weeks Ended		Thirty-nine Weeks Ended
in thousands	September 24, 2020	September 26, 2019	September 24, 2020	September 26, 2019
Stock options	266	281	481	997