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Earnings Per Share (Tables)
 6 Months Ended
Jun. 25, 2022
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

 

 

26-Weeks Ended

 

 

 

June 25, 2022

 

 

June 26, 2021

 

 

June 25, 2022

 

 

June 26, 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

257,873

 

 

$

316,997

 

 

$

469,464

 

 

$

537,025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

193,074

 

 

 

192,150

 

 

 

192,980

 

 

 

192,023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

376

 

 

 

721

 

 

 

535

 

 

 

817

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

193,450

 

 

 

192,871

 

 

 

193,515

 

 

 

192,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

1.34

 

 

$

1.65

 

 

$

2.43

 

 

$

2.80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$

1.33

 

 

$

1.64

 

 

$

2.43

 

 

$

2.78

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares excluded from diluted net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive equity awards

 

 

757

 

 

 

313

 

 

 

761

 

 

 

315