Calculation of Earnings Per Share (Tables)

9 Months Ended

Sep. 24, 2017

Calculation of 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 24,		September 25,		September 24,		September 25,
	2017		2016		2017		2016
Basic earnings per common share:
Net income attributable to the Company	$	21,817	$	21,467	$	73,783	$	70,190
Change in noncontrolling interest redemption value		237		(157)		1,419		342
Net income attributable to participating securities		(89)		(87)		(305)		(288)
Net income attributable to common shareholders	$	21,965	$	21,223	$	74,897	$	70,244
Weighted average common shares outstanding		36,146		36,989		36,563		37,374
Basic earnings per common share	$	0.61	$	0.57	$	2.05	$	1.88
Diluted earnings per common share:
Net income attributable to common shareholders	$	21,965	$	21,223	$	74,897	$	70,244
Weighted average common shares outstanding		36,146		36,989		36,563		37,374
Dilutive effect of outstanding equity awards (a)		435		370		484		338
Diluted weighted average common shares outstanding		36,581		37,359		37,047		37,712
Diluted earnings per common share	$	0.60	$	0.57	$	2.02	$	1.86

(a) Excludes 328 and 261 awards for the three and nine months ended September 24, 2017, respectively, and 22 and 598 awards for the three and nine months ended September 25, 2016, respectively, as the effect of including such awards would have been antidilutive.