Earnings Per Share

12 Months Ended

Dec. 27, 2025


(2)			Earnings Per Share

Basic 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 service-based and performance-based restricted stock units, respectively, determined using the treasury stock method.

Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):


	Fiscal Year
	December 27, 2025	December 28, 2024	December 30, 2023
Basic weighted average shares outstanding	27,974	29,262	29,769
Dilutive shares	100	122	87
Diluted weighted average shares outstanding	28,074	29,384	29,856

At December 27, 2025 and December 28, 2024, approximately 1,000 equity awards were outstanding and were excluded from the dilutive earnings per share calculation because the effect would have been anti-dilutive. No equity awards were excluded from the dilutive earnings per share calculation at December 30, 2023 because the effect would have been anti-dilutive.