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Earnings Per Share
8 Months Ended
Sep. 10, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

3. Earnings Per Share

 

     Fiscal Quarter Ended      Three Fiscal Quarters Ended  
     September 10,
2017
     September 11,
2016
     September 10,
2017
     September 11,
2016
 

Net income available to common stockholders—basic and diluted

   $ 56,368      $ 47,232      $ 184,578      $ 141,945  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic weighted average number of shares

     46,034,807        48,043,379        47,282,393        48,984,734  

Earnings per share – basic

   $ 1.22      $ 0.98      $ 3.90      $ 2.90  

Diluted weighted average number of shares

     47,715,788        49,242,182        49,066,610        50,309,217  

Earnings per share – diluted

   $ 1.18      $ 0.96      $ 3.76      $ 2.82  

The denominators used in calculating diluted earnings per share for common stock for the third quarter of 2017 and three fiscal quarters of 2017 do not include 141,870 and 146,200 options to purchase common stock, respectively, as the effect of including these options would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the third quarter and three fiscal quarters of 2017 do not include 193,194 restricted performance shares, as the performance targets for these awards have not yet been met. The denominators used in calculating diluted earnings per share for common stock for the third quarter of 2016 and three fiscal quarters of 2016 do not include 95,475 and 306,855 options to purchase common stock, respectively, as the effect of including these options would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the third quarter of 2016 and three fiscal quarters of 2016 do not include 264,757 restricted performance shares as the performance targets for these awards had not yet been met.