Earnings Per Share

8 Months Ended

Sep. 06, 2020

3. Earnings Per Share


	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	September 6, 2020		September 8, 2019		September 6, 2020		September 8, 2019
Net income available to common stockholders - basic and diluted	$	99,129	$	86,373	$	339,399	$	271,382

Basic weighted average number of shares		39,246,231		40,954,279		38,990,149		40,947,693
Earnings per share – basic	$	2.53	$	2.11	$	8.70	$	6.63
Diluted weighted average number of shares		39,791,805		42,040,291		39,724,289		42,158,447
Earnings per share – diluted	$	2.49	$	2.05	$	8.54	$	6.44

The denominator used in calculating diluted earnings per share for the third quarter and three fiscal quarters of 2020 did not include 52,390 and 53,130 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 2020 each did not include 118,518 restricted performance shares, as the performance targets for these awards had not yet been met.

The denominators used in calculating diluted earnings per share for the third quarter and three fiscal quarters of 2019 each did not include 161,670 options to purchase common stock, 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 2019 each did not include 142,477 restricted performance shares, as the performance targets for these awards had not yet been met.