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Earnings Per Share | 12 Months Ended
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Dec. 26, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | 10. Earnings Per Share The following table sets forth the computation of basic and diluted net income per share:
|  | Fiscal Year Ended |
|  | December 26, 2020 |  |  | December 28, 2019 |  |  | December 29, 2018 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Numerator for basic and diluted net income per share - net income |  | $ | 992,324 |  |  | $ | 952,486 |  |  | $ | 694,080 |
Denominator (in thousands): |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic net income per share – weighted-average common shares |  |  | 191,085 |  |  |  | 189,931 |  |  |  | 188,635 |
Effect of dilutive equity awards |  |  | 810 |  |  |  | 968 |  |  |  | 1,099 |
Denominator for diluted net income per share – adjusted weighted-average common shares |  |  | 191,895 |  |  |  | 190,899 |  |  |  | 189,734 |
Basic net income per share |  | $ | 5.19 |  |  | $ | 5.01 |  |  | $ | 3.68 |
Diluted net income per share |  | $ | 5.17 |  |  | $ | 4.99 |  |  | $ | 3.66 |
There were 307,724 and 297,995 outstanding stock options, stock appreciation rights, and restricted stock units (collectively “equity awards”) excluded from the computation of diluted earnings per share for the 2020 and 2019 fiscal years, respectively, because the effect would have been anti-dilutive.

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