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Earnings Per Common Share | 12 Months Ended
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Sep. 24, 2022
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | 9. Earnings Per Common Share The Company calculates earnings per share using the two-class method in accordance with FASB ASC Topic 260. The two-class method of computing basic earnings per share for each period reflects the cash dividends paid per share for each class of stock, plus the amount of allocated undistributed earnings per share computed using the participation percentage which reflects the dividend rights of each class of stock. Diluted earnings per share is calculated assuming the conversion of all shares of Class B Common Stock to shares of Class A Common Stock on a share-for-share basis. The tables below reconcile the numerators and denominators of basic and diluted earnings per share for current and prior periods.
|  | Year Ended
|  | September 24, 2022
|  | Class A |  | Class B
Numerator: Allocated net income |  |  |  |  |  |
Net income allocated, basic |  | $ | 210,480,738 |  | $ | 62,278,190
Conversion of Class B to Class A shares |  |  | 62,278,190 |  |  | —
Net income allocated, diluted |  | $ | 272,758,928 |  | $ | 62,278,190
Denominator: Weighted average shares outstanding |  |  |  |  |  |
Weighted average shares outstanding, basic |  |  | 14,330,809 |  |  | 4,663,567
Conversion of Class B to Class A shares |  |  | 4,663,567 |  |  | —
Weighted average shares outstanding, diluted |  |  | 18,994,376 |  |  | 4,663,567
Earnings per share |  |  |  |  |  |
Basic |  | $ | 14.69 |  | $ | 13.35
Diluted |  | $ | 14.36 |  | $ | 13.35
|  | Year Ended |  | Year Ended
|  | September 25, 2021 |  | September 26, 2020
|  | Class A |  | Class B |  | Class A |  | Class B
Numerator: Allocated net income |  |  |  |  |  |  |  |  |  |  |  |
Net income allocated, basic |  | $ | 185,964,771 |  | $ | 63,766,687 |  | $ | 128,634,913 |  | $ | 49,966,520
Conversion of Class B to Class A shares |  |  | 63,766,687 |  |  | — |  |  | 49,966,520 |  |  | —
Net income allocated, diluted |  | $ | 249,731,458 |  | $ | 63,766,687 |  | $ | 178,601,433 |  | $ | 49,966,520
Denominator: Weighted average ‎ shares outstanding |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding, basic |  |  | 14,242,276 |  |  | 5,370,894 |  |  | 14,194,819 |  |  | 6,064,957
Conversion of Class B to Class A shares |  |  | 5,370,894 |  |  | — |  |  | 6,064,957 |  |  | —
Weighted average shares outstanding, diluted |  |  | 19,613,170 |  |  | 5,370,894 |  |  | 20,259,776 |  |  | 6,064,957
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 13.06 |  | $ | 11.87 |  | $ | 9.06 |  | $ | 8.24
Diluted |  | $ | 12.73 |  | $ | 11.87 |  | $ | 8.82 |  | $ | 8.24

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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