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Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Computation of Net Income per Share, Basic

The following table sets forth the computation of basic net income per share using the two-class method:


		Thirteen weeks ended								Thirty-nine weeks ended
		September 30, 2023				September 24, 2022				September 30, 2023				September 24, 2022
		(in thousands, except per share data)								(in thousands, except per share data)
Net income		$	45,295			$	27,286			$	94,374			$	78,680
Allocation of net income for basic:
Class A Common Stock		$	37,542			$	22,647			$	78,276			$	65,276
Class B Common Stock			7,660				4,580				15,908				13,214
Unvested participating shares			93				59				190				190
		$	45,295			$	27,286			$	94,374			$	78,680
Weighted average number of shares for basic:
Class A Common Stock			10,135				10,226				10,175				10,216
Class B Common Stock			2,068				2,068				2,068				2,068
Unvested participating shares			25				27				25				29
			12,228				12,321				12,268				12,313
Net income per share for basic:
Class A Common Stock		$	3.70			$	2.21			$	7.69			$	6.39
Class B Common Stock		$	3.70			$	2.21			$	7.69			$	6.39

Computation of Net Income per Share, Diluted

The following table sets forth the computations of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock for the thirteen weeks and thirty-nine weeks ended September 30, 2023 and for the thirteen and thirty-nine weeks ended September 24, 2022:


		Thirteen weeks ended
		September 30, 2023												September 24, 2022
		Earnings to Common Shareholders				Common Shares				EPS				Earnings to Common Shareholders				Common Shares				EPS
		(in thousands, except per share data)
As reported - basic		$	37,542				10,135			$	3.70			$	22,647				10,226			$	2.21
Add: effect of dilutive common shares
Share-based awards			—				30								—				50
Class B Common Stock			7,660				2,068								4,580				2,068
Net effect of unvested participating shares			1				—								—				—
Net income per common share - diluted		$	45,203				12,233			$	3.70			$	27,227				12,344			$	2.21

		Thirty-nine weeks ended
		September 30, 2023												September 24, 2022
		Earnings to Common Shareholders				Common Shares				EPS				Earnings to Common Shareholders				Common Shares				EPS
		(in thousands, except per share data)
As reported - basic		$	78,276				10,175			$	7.69			$	65,276				10,216			$	6.39
Add: effect of dilutive common shares
Share-based awards			—				37								—				58
Class B Common Stock			15,908				2,068								13,214				2,068
Net effect of unvested participating shares			1				—								2				—
Net income per common share - diluted		$	94,185				12,280			$	7.67			$	78,492				12,342			$	6.36