Earnings Per Share

9 Months Ended

Sep. 26, 2015

Earnings Per Share

(3) Earnings Per Share

Earnings per common share are based on the weighted average number of shares outstanding, including outstanding non-vested restricted stock. Diluted earnings per share are based on the weighted average number of common shares outstanding plus the incremental shares that would have been outstanding upon the assumed exercise of all dilutive stock options.

The following table provides a reconciliation of the average number of common shares outstanding used to calculate earnings per common share to the average number of common shares and common share equivalents outstanding used to calculate diluted earnings per share (in thousands):

	Thirty Nine Weeks Ended				Thirteen Weeks Ended
	September 26, 2015		September 27, 2014		September 26, 2015		September 27, 2014
Average number of common shares outstanding		43,975		45,018		43,446		44,713
Incremental shares from assumed exercises of stock options		159		204		161		224
Average number of common shares and common share equivalents outstanding		44,134		45,222		43,607		44,937

For each of the thirty-nine-week and thirteen-week periods ended September 26, 2015 and September 27, 2014, no options outstanding to purchase shares of common stock were antidilutive. Outstanding RSUs were excluded from the calculation of diluted earnings per share for all periods because the performance metric requirements or market condition for vesting had not been satisfied.