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Earnings Per Common Share (Tables)
6 Months Ended
Mar. 25, 2017
Earnings Per Common Share [Abstract]  
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

March 25, 2017

 

March 25, 2017



 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

               

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

6,513,698 

 

$

2,637,749 

 

$

16,328,364 

 

$

6,646,970 

Conversion of Class B to Class A shares

 

  

2,637,749 

 

 

 —

 

 

6,646,970 

 

 

 —

Net income allocated, diluted

 

$

9,151,447 

 

$

2,637,749 

 

$

22,975,334 

 

$

6,646,970 



 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

14,038,094 

 

 

6,221,682 

 

 

14,002,300 

 

 

6,257,476 

Conversion of Class B to Class A shares

 

  

6,221,682 

 

 

 —

 

 

6,257,476 

 

 

 —

Weighted average shares outstanding, diluted

 

  

20,259,776 

 

 

6,221,682 

 

 

20,259,776 

 

 

6,257,476 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.47 

 

$

0.42 

 

$

1.17 

 

$

1.06 

Diluted

 

$

0.45 

 

$

0.42 

 

$

1.13 

 

$

1.06 



The per share amounts for the second quarter of fiscal 2016 and the six months ended March 26, 2016 are based on the following amounts:







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

  Three Months Ended

 

Six Months Ended



 

March 26, 2016

 

March 26, 2016



 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

10,169,757 

 

$

4,188,654 

 

$

19,352,122 

 

$

7,985,712 

Conversion of Class B to Class A shares

 

  

4,188,654 

 

 

 —

 

 

7,985,712 

 

 

 —

Net income allocated, diluted

 

$

14,358,411 

 

$

4,188,654 

 

$

27,337,834 

 

$

7,985,712 



 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

13,942,826 

 

 

6,316,950 

 

 

13,934,874 

 

 

6,324,902 

Conversion of Class B to Class A shares

 

  

6,316,950 

 

 

 —

 

 

6,324,902 

 

 

 —

Weighted average shares outstanding, diluted

 

  

20,259,776 

 

 

6,316,950 

 

 

20,259,776 

 

 

6,324,902 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.73 

 

$

0.66 

 

$

1.39 

 

$

1.26 

Diluted

 

$

0.71 

 

$

0.66 

 

$

1.35 

 

$

1.26