XML 27 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Net Income Per Share
 3 Months Ended
Apr. 03, 2018
Net Income Per Share  
Net Income Per Share

 

8.  Net Income Per Share

 

Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, reduced by unvested restricted stock awards. At both April 3, 2018 and April 4, 2017, 1.8 million shares of restricted stock issued to staff members were unvested and, therefore, excluded from the calculation of basic earnings per share for the fiscal years ended on those dates. Diluted net income per share includes the dilutive effect of outstanding equity awards, calculated using the treasury stock method. Shares of common stock equivalents of 1.7 million and 0.6 million for April 3, 2018 and April 4, 2017, respectively, were excluded from the diluted calculation due to their anti-dilutive effect.

 

 

 

Thirteen
Weeks Ended
April 3, 2018

 

Thirteen
Weeks Ended
April 4, 2017

 

 

 

(In thousands, except per share data)

 

Net income

 

$
26,029

 

$
35,043

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 
45,552

 
47,634

 

 

 

 

 

 

 

Dilutive effect of equity awards

 
1,022

 
1,576

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 
46,574

 
49,210

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$
0.57

 

$
0.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$
0.56

 

$
0.71