XML 29 R18.htm IDEA: XBRL DOCUMENT

Net Income Per Share

6 Months Ended

Jul. 02, 2019

10. Net Income Per Share

Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, reduced by unvested restricted stock awards. As of July 2, 2019 and July 3, 2018, 1.8 million shares and 1.7 million shares, respectively, of restricted stock issued to staff members were unvested and, therefore, excluded from the calculation of basic earnings per share for the fiscal periods ended on those dates. Diluted net income per share includes the dilutive effect of outstanding equity awards, calculated using the treasury stock method. Shares of common stock equivalents of 2.0 million and 1.7 million for July 2, 2019 and July 3, 2018, respectively, were excluded from the diluted calculation due to their anti-dilutive effect.


	Thirteen		Thirteen		Twenty-Six		Twenty-Six
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	July 2, 2019		July 3, 2018		July 2, 2019		July 3, 2018
	(In thousands, except per share data)
Net income	$	35,510	$	28,353	$	62,494	$	54,382

Basic weighted average shares outstanding		44,165		45,383		44,210		45,467
Dilutive effect of equity awards		621		1,043		661		1,002

Diluted weighted average shares outstanding		44,786		46,426		44,871		46,469

Basic net income per share	$	0.80	$	0.62	$	1.41	$	1.20

Diluted net income per share	$	0.79	$	0.61	$	1.39	$	1.17