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8. |
NET INCOME PER COMMON SHARE |
Net income per common share calculated for the third quarter and first nine months of 2022 and 2021 is as follows:
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Third Quarter Ended |
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Nine Months Ended |
(thousands except per share data) |
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September 25, 2022 |
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September 26, 2021 |
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September 25, 2022 |
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September 26, 2021 |
Numerator: |
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Net income for basic per share calculation |
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$ |
58,819
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$ |
57,397 |
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$ |
288,016
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$ |
163,895 |
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Effect of interest on potentially dilutive convertible notes, net of tax |
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478
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— |
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1,417
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— |
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Net income for dilutive per share calculation |
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$ |
59,297
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$ |
57,397 |
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$ |
289,433
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$ |
163,895 |
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Denominator: |
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Weighted average common shares outstanding - basic |
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22,087 |
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22,789 |
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22,274 |
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22,826 |
Weighted average impact of potentially dilutive convertible notes |
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2,064 |
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— |
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2,053 |
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— |
Weighted average impact of potentially dilutive securities |
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262 |
|
614 |
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246 |
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549 |
Weighted average common shares outstanding - diluted |
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24,413 |
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23,403 |
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24,573 |
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23,375 |
Net income per common share: |
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Basic net income per common share |
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$ |
2.66
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$ |
2.52 |
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$ |
12.93
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$ |
7.18 |
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Diluted net income per common share |
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$ |
2.43
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$ |
2.45 |
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$ |
11.78
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$ |
7.01 |
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An immaterial amount of securities was not included in the computation of diluted income per share as they are considered anti-dilutive under the treasury stock method for all periods presented.
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