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Earnings Per Share (Tables)
12 Months Ended
Dec. 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".

 

 

 

Fiscal Year Ended

 

 

 

December 25, 2021

 

 

December 26, 2020

 

 

December 28, 2019

 

Numerator:

 

 

 

 

 

 

 

 

 

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

 

$

1,082,200

 

 

$

992,324

 

 

$

952,486

 

 

 

 

 

 

 

 

 

 

 

Denominator (in thousands):

 

 

 

 

 

 

 

 

 

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

 

 

192,180

 

 

 

191,085

 

 

 

189,931

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

863

 

 

 

810

 

 

 

968

 

 

 

 

 

 

 

 

 

 

 

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

 

 

193,043

 

 

 

191,895

 

 

 

190,899

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

5.63

 

 

$

5.19

 

 

$

5.01

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$

5.61

 

 

$

5.17

 

 

$

4.99

 

 

 

 

 

 

 

 

 

 

 

Shares excluded from diluted net income per share calculation: Anti-dilutive equity awards (in thousands)

 

 

235

 

 

 

308

 

 

 

298