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Earnings Per Share (Tables)
 9 Months Ended
Sep. 25, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share. Stock options, stock appreciation rights, and restricted stock units are collectively referred to as “equity awards”.

 

 

 

13-Weeks Ended

 

 

39-Weeks Ended

 

 

 

September 25, 2021

 

 

September 26, 2020

 

 

September 25, 2021

 

 

September 26, 2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted net income per share – net income

 

$

259,039

 

 

$

313,417

 

 

$

796,064

 

 

$

658,776

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net income per share – weighted-average common shares

 

 

192,322

 

 

 

191,234

 

 

 

192,123

 

 

 

191,021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

863

 

 

 

764

 

 

 

832

 

 

 

739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for diluted net income per share – adjusted weighted-average common shares

 

 

193,185

 

 

 

191,998

 

 

 

192,955

 

 

 

191,760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

1.35

 

 

$

1.64

 

 

$

4.14

 

 

$

3.45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$

1.34

 

 

$

1.63

 

 

$

4.13

 

 

$

3.44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares excluded from diluted net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive equity awards

 

 

311

 

 

 

409

 

 

 

313

 

 

 

410