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Earnings per Share
3 Months Ended
Apr. 01, 2023
Earnings Per Share [Abstract]  
Earnings per Share Earnings per ShareBasic earnings per share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if securities convertible into, or other contracts to issue, common stock were exercised or converted into common stock. For the calculation of diluted earnings per share, the basic weighted average number of shares is increased by the dilutive effect of the exercise and vesting of stock options and restricted stock units, respectively, as determined using the treasury stock method.
Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):
Thirteen Weeks Ended
April 1,
2023
March 26,
2022
Basic weighted average shares outstanding29,947 29,851 
Dilutive shares84 123 
Diluted weighted average shares outstanding30,031 29,974 
For the thirteen weeks ended April 1, 2023 and March 26, 2022, equity awards representing approximately 13,000 and 8,000 shares, respectively, were excluded from the dilutive earnings per share calculation because the effect would have been anti-dilutive.