XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.22.2

Net Income Per Share | 3 Months Ended
--- | ---
Jun. 25, 2022
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share Basic net income per share is based on the weighted effect of common shares issued and outstanding and is calculated by dividing net income by the basic weighted average shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of common shares used in the basic net income per share calculation, plus the equivalent number of common shares that would be issued assuming exercise or conversion of all potentially dilutive common shares outstanding. These potentially dilutive items consist primarily of outstanding stock options and restricted stock grants. The following table details the calculation of basic and diluted earnings per share for the three months ended June 25, 2022 and June 26, 2021 (in thousands, except per share amounts):
| Three Months Ended |  |
| June 25, |  | June 26, |  |  |  |
| 2022 |  | 2021 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 39,707 |  |  | $ | 17,209 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding | 56,277 |  |  | 57,582 |  |  |  |  |
Effect of dilutive securities | 1,527 |  |  | 1,931 |  |  |  |  |
Weighted average diluted shares | 57,804 |  |  | 59,513 |  |  |  |  |
Basic earnings per share | $ | 0.71 |  |  | $ | 0.30 |  |  |  |  |
Diluted earnings per share | $ | 0.69 |  |  | $ | 0.29 |  |  |  |  |
The weighted outstanding shares excluded from our diluted calculation for the three months ended June 25, 2022 and June 26, 2021 were 386 thousand and 114 thousand, respectively, as the shares were anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration