v3.25.1
Earnings Per Share
3 Months Ended
Mar. 29, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

3. Earnings Per Share

 

The following table sets forth the computation of basic and diluted net income per share. Stock options, stock appreciation rights, and restricted stock units are collectively referred to as “equity awards”. There were no anti-dilutive equity awards excluded from the calculation of diluted net income per share for either period presented below.

 

 

 

13-Weeks Ended

 

 

 

March 29,
2025

 

 

March 30,
2024

 

Numerator:

 

 

 

 

 

 

Numerator for basic and diluted net income per share – net income

 

$

332,769

 

 

$

275,961

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Denominator for basic net income per share – weighted-average common shares

 

 

192,544

 

 

 

191,890

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

1,173

 

 

 

808

 

 

 

 

 

 

 

Denominator for diluted net income per share – adjusted weighted-average common shares

 

 

193,717

 

 

 

192,698

 

 

 

 

 

 

 

Basic net income per share

 

$

1.73

 

 

$

1.44

 

 

 

 

 

 

 

Diluted net income per share

 

$

1.72

 

 

$

1.43