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Net Income per Share (Tables)

9 Months Ended

Sep. 27, 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								Thirty-nine weeks ended
		September 27, 2025				September 28, 2024				September 27, 2025				September 28, 2024
		(in thousands, except per share data)								(in thousands, except per share data)
Net income		$	46,155			$	33,514			$	131,000			$	98,450
Allocation of net income for basic:
Class A Common Stock		$	37,231			$	27,500			$	106,174			$	81,082
Class B Common Stock			8,793				5,933				24,467				17,140
Unvested participating shares			131				81				359				228
		$	46,155			$	33,514			$	131,000			$	98,450
Weighted average number of shares for basic:
Class A Common Stock			8,756				9,586				8,974				9,783
Class B Common Stock			2,068				2,068				2,068				2,068
Unvested participating shares			31				28				31				27
			10,855				11,682				11,073				11,878
Net income per share for basic:
Class A Common Stock		$	4.25			$	2.87			$	11.83			$	8.29
Class B Common Stock		$	4.25			$	2.87			$	11.83			$	8.29

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 thirty-nine weeks ended September 27, 2025 and for the thirteen and thirty-nine weeks ended September 28, 2024:

		Thirteen weeks ended
		September 27, 2025												September 28, 2024
		Earnings to Common Shareholders				Common Shares				EPS				Earnings to Common Shareholders				Common Shares				EPS
		(in thousands, except per share data)
As reported - basic		$	37,231				8,756			$	4.25			$	27,500				9,586			$	2.87
Add: effect of dilutive common    shares
Share-based awards			—				6								—				17
Class B Common Stock			8,793				2,068								5,933				2,068
Net effect of unvested participating    shares			—				—								—				—
Net income per common share -    diluted		$	46,024				10,830			$	4.25			$	33,433				11,671			$	2.86
		Thirty-nine weeks ended
		September 27, 2025												September 28, 2024
		Earnings to Common Shareholders				Common Shares				EPS				Earnings to Common Shareholders				Common Shares				EPS
		(in thousands, except per share data)
As reported - basic		$	106,174				8,974			$	11.83			$	81,082				9,783			$	8.29
Add: effect of dilutive common    shares
Share-based awards			—				8								—				20
Class B Common Stock			24,467				2,068								17,140				2,068
Net effect of unvested participating    shares			—				—								-				—
Net income per common share -    diluted		$	130,641				11,050			$	11.82			$	98,222				11,871			$	8.27

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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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-Topic 260
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-Name Accounting Standards Codification
-Topic 260
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-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
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-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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