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Earnings Per Share (Tables)
6 Months Ended
Jun. 25, 2022
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:

 

 

Three Months Ended

 

 

Six Months Ended

 

(in thousands, except per share data)

 

June 25, 2022

 

 

June 26, 2021

 

 

June 25, 2022

 

 

June 26, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

37,905

 

 

$

31,618

 

 

$

73,112

 

 

$

64,348

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares outstanding

 

 

31,424

 

 

 

31,942

 

 

 

31,461

 

 

 

31,995

 

Effect of stock-based compensation awards

 

 

111

 

 

 

147

 

 

 

107

 

 

 

141

 

Weighted average diluted shares outstanding

 

 

31,535

 

 

 

32,089

 

 

 

31,568

 

 

 

32,136

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.21

 

 

$

0.99

 

 

$

2.32

 

 

$

2.01

 

Diluted

 

$

1.20

 

 

$

0.99

 

 

$

2.32

 

 

$

2.00