Earnings per Share

9 Months Ended

Sep. 26, 2026

Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if securities convertible into, or other contracts to issue, common stock were exercised or converted into common stock. For the calculation of diluted earnings per share, the basic weighted average number of shares is increased by the dilutive effect of the exercise and vesting of stock options and service-based and performance-based restricted stock units, respectively, as determined using the treasury stock method.

Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):


	Thirteen Weeks Ended		Thirty-Nine Weeks Ended
	September 26, 2026	September 27, 2025	September 26, 2026	September 27, 2025
Basic weighted average shares outstanding	27,128	27,899	27,281	28,065
Dilutive shares	9	92	50	104
Diluted weighted average shares outstanding	27,137	27,991	27,331	28,169

For the thirteen weeks ended September 26, 2026 and September 27, 2025, equity awards representing approximately 183,000 and 1,000 shares, respectively, were excluded from the dilutive earnings per share calculation because the effect would have been anti-dilutive.

For the thirty-nine weeks ended September 26, 2026 and September 27, 2025, equity awards representing approximately 147,000 and 2,000 shares, respectively, were excluded from the dilutive earnings per share calculation because the effect would have been anti-dilutive.