Earnings Per Share

3 Months Ended

Mar. 24, 2019

3. Earnings Per Share


	Fiscal Quarter Ended
	March 24, 2019		March 25, 2018
Net income available to common stockholders – basic and diluted	$	92,650	$	88,827

Basic weighted average number of shares		40,865,532		42,822,112
Earnings per share – basic	$	2.27	$	2.07
Diluted weighted average number of shares		42,202,429		44,377,509
Earnings per share – diluted	$	2.20	$	2.00

The denominator used in calculating diluted earnings per share for the first quarter of 2019 does not include 71,880 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 2019 does not include 1,800 shares subject to restricted stock awards, as the effect of including these shares would have been anti-dilutive. The denominator used in calculating diluted earnings per share for the first quarter of 2019 does not include 96,712 restricted performance shares, as the performance targets for these awards had not yet been met.

The denominator used in calculating diluted earnings per share for common stock for the first quarter of 2018 does not include 87,420 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 2018 did not include 117,062 restricted performance shares, as the performance targets for these awards had not yet been met.