XML 30 R16.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings Per Share
6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share include the dilutive effect of stock options and restricted stock awards and units. The following is a reconciliation of the basic and diluted earnings per share ("EPS") computations for both the numerator and denominator (in thousands, except per share data):
Thirteen weeks ended June 29, 2024Twenty-six weeks ended June 29, 2024
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net income$12,535 196,075 $0.06 $11,043 195,721 $0.06 
Dilutive effect of stock options and awards— 2,345 — — 2,316 — 
Net income per diluted common share
$12,535 198,420 $0.06 $11,043 198,037 $0.06 
Thirteen weeks ended July 1, 2023Twenty-six weeks ended July 1, 2023
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net income (loss)$4,545 194,644 0.02 $(4,587)194,596 $(0.02)
Dilutive effect of stock options and awards— 884 — — — — 
Net income (loss) per diluted common share
$4,545 195,528 0.02 $(4,587)194,596 $(0.02)
Stock options and awards outstanding totaling 2,689 and 2,833 were excluded from the computation for the thirteen and twenty-six weeks ended June 29, 2024, respectively, and 10,271 and 9,944 for the thirteen and twenty-six weeks ended July 1, 2023, respectively, as they would have had an antidilutive effect under the treasury stock method.