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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2018
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

 

 

(in thousands, except per share data)

 

March 31, 2018

 

 

April 1, 2017

 

 

Numerator

 

 

 

 

 

 

 

 

 

Net income

 

$

30,647

 

 

$

29,187

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average basic shares outstanding

 

 

32,917

 

 

 

34,385

 

 

Effect of stock-based compensation awards

 

 

86

 

 

 

94

 

 

Weighted average diluted shares outstanding

 

 

33,003

 

 

 

34,479

 

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.93

 

 

$

0.85

 

 

Diluted

 

$

0.93

 

 

$

0.85