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Earnings per Share (Tables) | 12 Months Ended
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Dec. 25, 2022
Earnings Per Share [Abstract] |
Schedule of basic and diluted earnings per common share | The calculations of basic earnings per common share and diluted earnings per common share for the years ended December 25, 2022, December 26, 2021 and December 27, 2020 are as follows (in thousands, except per share data):
|  | 2022 |  | 2021 |  | 2020
Basic earnings per common share |  |  |  |  |  |
Net income attributable to the Company |  | $ | 67,772 |  |  | $ | 120,016 |  |  | $ | 57,932 |
Dividends on redemption of Series B Convertible Preferred Stock |  | — |  |  | (109,852) |  |  | — |
Dividends paid to participating securities |  | (306) |  |  | (6,091) |  |  | (14,059) |
Net income attributable to participating securities |  | (104) |  |  | — |  |  | (2,136) |
Net income attributable to common shareholders |  | $ | 67,362 |  |  | $ | 4,073 |  |  | $ | 41,737 |
Basic weighted average common shares outstanding |  | 35,497 |  |  | 35,007 |  |  | 32,421 |
Basic earnings per common share |  | $ | 1.90 |  |  | $ | 0.12 |  |  | $ | 1.29 |
Diluted earnings per common share |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 67,362 |  |  | $ | 4,073 |  |  | $ | 41,737 |
Weighted average common shares outstanding |  | 35,497 |  |  | 35,007 |  |  | 32,421 |
Dilutive effect of outstanding equity awards (a) |  | 220 |  |  | 330 |  |  | 296 |
Diluted weighted average common shares outstanding (b) |  | 35,717 |  |  | 35,337 |  |  | 32,717 |
Diluted earnings per common share |  | $ | 1.89 |  |  | $ | 0.12 |  |  | $ | 1.28 |
______________________________ (a)Shares subject to options to purchase common stock with an exercise price greater than the average market price for the year were not included in the computation of diluted earnings per common share because the effect would have been antidilutive. The weighted average number of shares subject to antidilutive options was 100,000 in 2020 (none in 2022 or 2021). (b)The Company had 252,500 shares of Series B Preferred Stock outstanding as of December 27, 2020 (none as of December 25, 2022 or December 26, 2021). For the fully diluted calculation, the Series B Preferred Stock dividends were added back to net income attributable to common shareholders. The Company then applied the if-converted method to calculate dilution on the Series B Preferred Stock, which resulted in 5.0 million additional common shares. This calculation was anti-dilutive in 2020 and as such was excluded.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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