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Earnings Per Share
 9 Months Ended
Sep. 27, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

3. Earnings 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”. There were no anti-dilutive equity awards excluded from the calculation of diluted net income per share for the periods presented below.

 

 

 

13-Weeks Ended

 

 

39-Weeks Ended

 

 

 

September
27, 2025

 

 

September
28, 2024

 

 

September
27, 2025

 

 

September
28, 2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

401,615

 

 

$

399,111

 

 

$

1,135,206

 

 

$

975,703

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

192,464

 

 

 

192,201

 

 

 

192,510

 

 

 

192,055

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

1,069

 

 

 

970

 

 

 

1,041

 

 

 

885

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

193,533

 

 

 

193,171

 

 

 

193,551

 

 

 

192,940

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

2.09

 

 

$

2.08

 

 

$

5.90

 

 

$

5.08

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$

2.08

 

 

$

2.07

 

 

$

5.87

 

 

$

5.06