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Earnings Per Common Share | 12 Months Ended
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Sep. 28, 2024
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 28, 2024
|  | Class A |  | Class B
Numerator: Allocated net income |  |  |  |  |  |
Net income allocated, basic |  | $ | 82,518,040 |  | $ | 23,023,261
Conversion of Class B to Class A shares |  |  | 23,023,261 |  |  | —
Net income allocated, diluted |  | $ | 105,541,301 |  | $ | 23,023,261
Denominator: Weighted average shares outstanding |  |  |  |  |  |
Weighted average shares outstanding, basic |  |  | 14,534,479 |  |  | 4,459,897
Conversion of Class B to Class A shares |  |  | 4,459,897 |  |  | —
Weighted average shares outstanding, diluted |  |  | 18,994,376 |  |  | 4,459,897
Earnings per share |  |  |  |  |  |
Basic |  | $ | 5.68 |  | $ | 5.16
Diluted |  | $ | 5.56 |  | $ | 5.16
|  | Year Ended |  | Year Ended
|  | September 30, 2023 |  | September 24, 2022
|  | Class A |  | Class B |  | Class A |  | Class B
Numerator: Allocated net income |  |  |  |  |  |  |  |  |  |  |  |
Net income allocated, basic |  | $ | 163,599,005 |  | $ | 47,212,954 |  | $ | 210,480,738 |  | $ | 62,278,190
Conversion of Class B to Class A shares |  |  | 47,212,954 |  |  | — |  |  | 62,278,190 |  |  | —
Net income allocated, diluted |  | $ | 210,811,959 |  | $ | 47,212,954 |  | $ | 272,758,928 |  | $ | 62,278,190
Denominator: Weighted average ‎ shares outstanding |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding, basic |  |  | 14,417,916 |  |  | 4,576,460 |  |  | 14,330,809 |  |  | 4,663,567
Conversion of Class B to Class A shares |  |  | 4,576,460 |  |  | — |  |  | 4,663,567 |  |  | —
Weighted average shares outstanding, diluted |  |  | 18,994,376 |  |  | 4,576,460 |  |  | 18,994,376 |  |  | 4,663,567
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 11.35 |  | $ | 10.32 |  | $ | 14.69 |  | $ | 13.35
Diluted |  | $ | 11.10 |  | $ | 10.32 |  | $ | 14.36 |  | $ | 13.35

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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