Annual report pursuant to Section 13 and 15(d)

Description of Business and Summary of Significant Accounting Policies (Tables)

v3.20.4
Description of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 27, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fiscal Year End Dates Year-end dates and the number of weeks in each fiscal year are shown in the table below for periods presented in this Form 10-K and for the upcoming fiscal year.
Fiscal Year Year End Date Number of Weeks in Fiscal Year
Current and Prior Fiscal Years:
2020 December 27, 2020 52
2019 December 29, 2019 52
2018 December 30, 2018 52
Upcoming Fiscal Year
2021 December 26, 2021 52
Schedule of estimated useful lives for property and equipment
The estimated useful lives for property and equipment are:
Buildings
5 years to 20 years
Leasehold improvements
Shorter of lease term or estimated useful life, not to exceed 20 years
Furniture, fixtures and equipment
5 years to 20 years
Computer equipment
2 years to 5 years
Schedule of computations for basic and diluted earnings per share Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding for the fiscal years ended December 27, 2020, December 29, 2019, and December 30, 2018 as follows (in thousands):
2020 2019 2018
Basic weighted average shares outstanding 14,314  12,959  12,976 
Dilutive effect of stock options and awards —  —  — 
Diluted weighted average shares outstanding 14,314  12,959  12,976 
Awards excluded due to anti-dilutive effect on diluted earnings per share 489  378  427