Earnings Per Share

3 Months Ended

Mar. 28, 2021

3. Earnings Per Share


	Fiscal Quarter Ended
	March 28, 2021		March 22, 2020
Net income available to common stockholders - basic and diluted	$	117,761	$	121,602

Basic weighted average number of shares		38,700,225		38,665,924
Earnings per share – basic	$	3.04	$	3.14
Diluted weighted average number of shares		39,208,383		39,633,404
Earnings per share – diluted	$	3.00	$	3.07

The denominator used in calculating diluted earnings per share for the first quarter of 2021 does not include 51,490 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 2021 does not include 65,967 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 the first quarter of 2020 does not include 128,280 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 2020 does not include 84,765 restricted performance shares, as the performance targets for these awards had not yet been met.