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Earnings Per Share (Tables)
6 Months Ended
Jul. 01, 2017
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:

 

     Thirteen Weeks Ended      Twenty-six Weeks Ended  

(in thousands, except per share data)

   July 1,
2017
     June 25,
2016
     July 1,
2017
     June 25,
2016
 

Numerator

           

Net income

   $ 28,437      $ 25,982      $ 57,624      $ 50,653  

Denominator:

           

Weighted average basic shares outstanding

     34,128        34,546        34,256        34,615  

Effect of stock-based compensation awards

     97        80        94        54  
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average diluted shares outstanding

     34,225        34,626        34,350        34,669  
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Per Share:

           

Basic

   $ 0.83      $ 0.75      $ 1.68      $ 1.46  

Diluted

   $ 0.83      $ 0.75      $ 1.68      $ 1.46