Earnings Per Share

3 Months Ended

Mar. 26, 2017

3. Earnings Per Share


	Fiscal Quarter Ended
	March 26,		March 27,
	2017		2016
Net income available to common stockholders - basic and diluted	$	62,469	$	45,451

Basic weighted average number of shares		47,839,847		49,697,494
Earnings per share - basic	$	1.31	$	0.91
Diluted weighted average number of shares		49,706,023		51,230,604
Earnings per share - diluted	$	1.26	$	0.89

The denominator used in calculating diluted earnings per share for common stock for the first quarter of 2017 does not include 69,010 options to purchase common stock, as the effect of including these options would have been anti-dilutive. The denominator used in calculating diluted earnings per share for the first quarter of 2017 does not include 13,190 restricted performance shares, as the effect of including these shares would have been anti-dilutive.

The denominator used in calculating diluted earnings per share for common stock for the first quarter of 2016 does not include 224,750 options to purchase common stock, as the effect of including these options would have been anti-dilutive. The denominator used in calculating diluted earnings per share for the first quarter of 2016 does not include 23,380 restricted performance shares, as the effect of including these shares would have been anti-dilutive.