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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2023
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 30,
2023

 

 

September 24,
2022

 

 

September 30,
2023

 

 

September 24,
2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

257,243

 

 

$

210,848

 

 

$

747,509

 

 

$

680,313

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

191,435

 

 

 

192,672

 

 

 

191,409

 

 

 

192,878

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

433

 

 

 

433

 

 

 

363

 

 

 

500

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

191,868

 

 

 

193,105

 

 

 

191,772

 

 

 

193,378

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

1.34

 

 

$

1.09

 

 

$

3.91

 

 

$

3.53

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$

1.34

 

 

$

1.09

 

 

$

3.90

 

 

$

3.52

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares excluded from diluted net income per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive equity awards

 

 

—

 

 

 

754

 

 

 

215

 

 

 

759