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Earnings Per Share (Tables)
12 Months Ended
Dec. 28, 2019
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share

The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for fiscal years 2019, 2018, and 2017 (amounts in thousands, except per share data):

 

 

 

Fiscal 2019

 

 

Fiscal 2018

 

 

Fiscal 2017

 

Net income

 

$

164,538

 

 

$

157,160

 

 

$

150,120

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,606

 

 

 

211,016

 

 

 

209,573

 

Basic earnings per common share

 

$

0.78

 

 

$

0.74

 

 

$

0.72

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

211,606

 

 

 

211,016

 

 

 

209,573

 

Add: Shares of common stock assumed issued upon exercise of stock

   options, vesting of performance-contingent restricted stock

   and deferred stock

 

 

368

 

 

 

616

 

 

 

862

 

Diluted weighted average shares outstanding per common share

 

 

211,974

 

 

 

211,632

 

 

 

210,435

 

Diluted earnings per common share

 

$

0.78

 

 

$

0.74

 

 

$

0.71