Calculation of Earnings Per Share (Tables)

9 Months Ended

Sep. 25, 2016

Earnings Per Share

Schedule of Earnings Per Share, Basic and Diluted

The calculations of basic and diluted earnings per common share are as follows (in thousands, except per-share data):

	Three Months Ended				Nine Months Ended
	September 25,		September 27,		September 25,		September 27,
	2016		2015		2016		2015
Basic earnings per common share:
Net income attributable to the Company	$	21,467	$	17,971	$	70,190	$	50,987
Change in noncontrolling interest redemption value		(157)		49		342		192
Net income attributable to participating securities		(87)		(73)		(288)		(223)
Net income attributable to common shareholders	$	21,223	$	17,947	$	70,244	$	50,956
Weighted average common shares outstanding		36,989		39,394		37,374		39,640
Basic earnings per common share	$	0.57	$	0.46	$	1.88	$	1.29
Diluted earnings per common share:
Net income attributable to common shareholders	$	21,223	$	17,947	$	70,244	$	50,956
Weighted average common shares outstanding		36,989		39,394		37,374		39,640
Dilutive effect of outstanding equity awards (a)		370		501		338		570
Diluted weighted average common shares outstanding		37,359		39,895		37,712		40,210
Diluted earnings per common share	$	0.57	$	0.45	$	1.86	$	1.27

(a) Excludes 22 and 598 awards for the three and nine months ended September 25, 2016, respectively, and 219 and 234 awards for the three and nine months ended September 27, 2015, respectively, as the effect of including such awards would have been antidilutive.