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Earnings Per Common Share (Tables)
 9 Months Ended
Jun. 24, 2017
Earnings Per Common Share [Abstract]  
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

June 24, 2017

 

June 24, 2017



 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

               

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

 8,234,965 

 

$

 3,291,741 

 

$

 24,563,248 

 

$

 9,938,790 

Conversion of Class B to Class A shares

 

  

 3,291,741 

 

 

 —

 

 

 9,938,790 

 

 

 —

Net income allocated, diluted

 

$

 11,526,706 

 

$

 3,291,741 

 

$

 34,502,038 

 

$

 9,938,790 



 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

 14,072,598 

 

 

 6,187,178 

 

 

 14,025,733 

 

 

 6,234,043 

Conversion of Class B to Class A shares

 

  

 6,187,178 

 

 

 —

 

 

 6,234,043 

 

 

 —

Weighted average shares outstanding, diluted

 

  

 20,259,776 

 

 

 6,187,178 

 

 

 20,259,776 

 

 

 6,234,043 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

 0.58 

 

$

 0.53 

 

$

 1.75 

 

$

 1.59 

Diluted

 

$

 0.57 

 

$

 0.53 

 

$

 1.70 

 

$

 1.59 



The per share amounts for the third quarter of fiscal 2016 and the nine months ended June 25, 2016 are based on the following amounts:







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

  Three Months Ended

 

Nine Months Ended



 

June 25, 2016

 

June 25, 2016



 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

 8,973,689 

 

$

 3,694,766 

 

$

 28,317,738 

 

$

 11,688,552 

Conversion of Class B to Class A shares

 

  

 3,694,766 

 

 

—

 

 

 11,688,552 

 

 

—

Net income allocated, diluted

 

$

 12,668,455 

 

$

 3,694,766 

 

$

 40,006,290 

 

$

 11,688,552 



 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

 13,944,818 

 

 

 6,314,958 

 

 

 13,932,356 

 

 

 6,327,420 

Conversion of Class B to Class A shares

 

  

 6,314,958 

 

 

—

 

 

 6,327,420 

 

 

—

Weighted average shares outstanding, diluted

 

  

 20,259,776 

 

 

 6,314,958 

 

 

 20,259,776 

 

 

 6,327,420 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

 0.64 

 

$

 0.59 

 

$

 2.03 

 

$

 1.85 

Diluted

 

$

 0.63 

 

$

 0.59 

 

$

 1.98 

 

$

 1.85