Net Income per Share (Tables)

12 Months Ended

Dec. 25, 2021

Earnings Per Share [Abstract]

Computation of Earnings Per Share, Basic

The following table sets forth the computation of basic net income per share using the two-class method:

	December 25,		December 26,		December 28,
	2021		2020		2019
	(in thousands, except per share data)
Net Income	$	14,553	$	191,960	$	110,041
Allocation of net income for basic:
Class A Common Stock	$	11,995	$	153,106	$	82,474
Class B Common Stock		2,506		37,690		26,600
Unvested participating shares		52		1,164		967
	$	14,553	$	191,960	$	110,041
Weighted average number of shares for basic:
Class A Common Stock		10,121		9,734		8,908
Class B Common Stock*		2,115		2,396		2,873
Unvested participating shares		44		74		105
		12,280		12,204		11,886
Net income per share for basic:
Class A Common Stock	$	1.19	$	15.73	$	9.26
Class B Common Stock	$	1.19	$	15.73	$	9.26

* Change in Class B Common Stock resulted from the conversion to Class A Common stock during fiscal 2021, 2020 and 2019 as disclosed in the Company's consolidated statements of stockholders' equity.

Computation of Earnings Per Share, Diluted

The following tables set forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock:

	Fifty-two weeks ended December 25, 2021
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	11,995		10,121	$	1.19
Add: effect of dilutive potential common shares
Share-based awards		—		138
Class B Common Stock		2,506		2,115
Net effect of unvested participating shares		52		62
Net income per common share - diluted	$	14,553	$	12,436	$	1.17

	Fifty-two weeks ended December 26, 2020
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	153,106		9,734	$	15.73
Add: effect of dilutive potential common shares
Share-based awards		—		153
Class B Common Stock		37,690		2,396
Net effect of unvested participating shares		14		—
Net income per common share - diluted	$	190,810		12,283	$	15.53

	Fifty-two weeks ended December 28, 2019
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	82,474		8,908	$	9.26
Add: effect of dilutive potential common shares
Share-based awards		—		127
Class B Common Stock		26,600		2,873
Net effect of unvested participating shares		10		—
Net income per common share - diluted	$	109,084		11,908	$	9.16