| Schedule of Earnings Per Share, Basic and Diluted |
The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding: | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal quarter ended | | Three fiscal quarters ended | | October 3, 2026 | | September 27, 2025 | | October 3, 2026 | | September 27, 2025 | | Weighted-average number of common and common equivalent shares outstanding: | | | | | | | | Basic number of common shares outstanding | 35,623,722 | | | 35,443,712 | | | 35,569,482 | | | 35,388,596 | | | Dilutive effect of equity awards | 12,505 | | | 146 | | | 7,957 | | | 348 | | | Diluted number of common and common equivalent shares outstanding | 35,636,227 | | | 35,443,858 | | | 35,577,439 | | | 35,388,944 | | | | | | | | | | | Earnings per share: | | | | | | | | | (dollars in thousands, except per share data) | | | | | | | | | Basic net income per common share: | | | | | | | | | Net income | $ | 36,611 | | | $ | 11,593 | | | $ | 155,905 | | | $ | 27,578 | | Income allocated to participating securities | (842) | | | (305) | | | (4,103) | | | (1,118) | | | Net income available to common shareholders | $ | 35,769 | | | $ | 11,288 | | | $ | 151,802 | | | $ | 26,460 | | | Basic net income per common share | $ | 1.00 | | | $ | 0.32 | | | $ | 4.27 | | | $ | 0.75 | | | | | | | | | | | Diluted net income per common share: | | | | | | | | | Net income | $ | 36,611 | | | $ | 11,593 | | | $ | 155,905 | | | $ | 27,578 | | Income allocated to participating securities | (842) | | | (305) | | | (4,102) | | | (1,118) | | | Net income available to common shareholders | $ | 35,769 | | | $ | 11,288 | | | $ | 151,803 | | | $ | 26,460 | | | | | | | | | | | Diluted net income per common share | $ | 1.00 | | | $ | 0.32 | | | $ | 4.27 | | | $ | 0.75 | | | | | | | | | | Anti-dilutive awards excluded from diluted earnings per share computation(*) | 178,519 | | | 201,909 | | | 149,119 | | | 289,835 |
(*)The anti-dilutive shares excluded from diluted net income per common share primarily relate to out-of-the-money stock options and certain unvested restricted stock awards that were anti-dilutive in part due to unrecognized compensation costs.
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