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Net Income per Share (Tables)

6 Months Ended

Jun. 28, 2025

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								Twenty-six weeks ended
		June 28, 2025				June 29, 2024				June 28, 2025				June 29, 2024
		(in thousands, except per share data)								(in thousands, except per share data)
Net income		$	60,433			$	52,339			$	84,845			$	64,936
Allocation of net income for basic:
Class A Common Stock		$	48,993			$	43,116			$	68,927			$	53,575
Class B Common Stock			11,269				9,097				15,689				11,213
Unvested participating shares			171				126				229				148
		$	60,433			$	52,339			$	84,845			$	64,936
Weighted average number of shares for basic:
Class A Common Stock			8,990				9,801				9,086				9,881
Class B Common Stock			2,068				2,068				2,068				2,068
Unvested participating shares			32				29				29				27
			11,090				11,898				11,183				11,976
Net income per share for basic:
Class A Common Stock		$	5.45			$	4.40			$	7.59			$	5.42
Class B Common Stock		$	5.45			$	4.40			$	7.59			$	5.42

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 and twenty-six weeks ended June 28, 2025 and for the thirteen and twenty-six weeks ended June 29, 2024:

		Thirteen weeks ended
		June 28, 2025												June 29, 2024
		Earnings to Common Shareholders				Common Shares				EPS				Earnings to Common Shareholders				Common Shares				EPS
		(in thousands, except per share data)
As reported - basic		$	48,993				8,990			$	5.45			$	43,116				9,801			$	4.40
Add: effect of dilutive common    shares
Share-based awards			—				9								—				19
Class B Common Stock			11,269				2,068								9,097				2,068
Net effect of unvested participating    shares			—				—								—				—
Net income per common share -    diluted		$	60,262				11,067			$	5.45			$	52,213				11,888			$	4.39
		Twenty-six weeks ended
		June 28, 2025												June 29, 2024
		Earnings to Common Shareholders				Common Shares				EPS				Earnings to Common Shareholders				Common Shares				EPS
		(in thousands, except per share data)
As reported - basic		$	68,927				9,086			$	7.59			$	53,575				9,881			$	5.42
Add: effect of dilutive common    shares
Share-based awards			—				9								—				22
Class B Common Stock			15,689				2,068								11,213				2,068
Net effect of unvested participating    shares			—				—								-				—
Net income per common share -    diluted		$	84,616				11,163			$	7.58			$	64,788				11,971			$	5.41

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- Definition

Tabular disclosure of the effect of income (loss) on basic earnings per share.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-3

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-Name Accounting Standards Codification
-Topic 260
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-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
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Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

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