Annual report pursuant to Section 13 and 15(d)

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

v3.6.0.2
Description of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 25, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of estimated useful lives for property and equipment
The estimated useful lives for property and equipment are:
Buildings
 
5 to 20 years
Leasehold improvements
 
Shorter of lease term or estimated useful life, not to exceed 20 years
Furniture, fixtures, and equipment
 
5 to 20 years
Computer equipment
 
2 to 5 years
Schedule of computations for basic and diluted earnings per share
The computations for basic and diluted earnings per share for the fiscal years ended December 25, 2016, December 27, 2015, and December 28, 2014 are as follows (in thousands, except per share data):
 
 
2016
 
2015
 
2014
Net income
 
$
11,725

 
$
47,704

 
$
32,561

Shares:
 
 
 
 
 
 
Basic weighted average shares outstanding
 
13,332

 
14,042

 
14,237

Dilutive effect of stock options and awards
 
130

 
174

 
210

Diluted weighted average shares outstanding
 
13,462

 
14,216

 
14,447

Earnings per share:
 
 
 
 
 
 
Basic
 
$
0.88

 
$
3.40

 
$
2.29

Diluted
 
$
0.87

 
$
3.36

 
$
2.25