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Earnings Per Share (Tables)
12 Months Ended
Dec. 27, 2014
Earnings Per Share [Abstract]  
Schedule of Computation of Basic Earnings Per Share and Diluted Earnings Per Share

The following table sets forth the computation of basic earnings per share and diluted earnings per share:

 

(in thousands, except per share data)

   2014      2013      2012  

Numerator:

        

Income from continuing operations

   $ 89,987      $ 81,920      $ 66,405  

Income from discontinued operations

     —          —          4,557  
  

 

 

    

 

 

    

 

 

 

Net income

$ 89,987    $ 81,920    $ 70,962   
  

 

 

    

 

 

    

 

 

 

Denominator:

Weighted average basic shares outstanding

  36,052     36,347     36,124  

Effect of compensation awards

  138     277      370  
  

 

 

    

 

 

    

 

 

 

Weighted average diluted shares outstanding

  36,190      36,624      36,494   
  

 

 

    

 

 

    

 

 

 

Earnings Per Share:

Basic:

Income from continuing operations

$ 2.50    $ 2.25    $ 1.84   

Income from discontinued operations

  —        —        0.12   
  

 

 

    

 

 

    

 

 

 

Net income

$ 2.50    $ 2.25    $ 1.96   
  

 

 

    

 

 

    

 

 

 

Diluted:

Income from continuing operations

$ 2.49    $ 2.24    $ 1.82   

Income from discontinued operations

  —        —        0.12   
  

 

 

    

 

 

    

 

 

 

Net income

$ 2.49    $ 2.24    $ 1.94