Annual report pursuant to Section 13 and 15(d)

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

v3.19.3.a.u2
Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Fiscal Year
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:
 
 
 
 
2019
 
December 29, 2019
 
52

2018
 
December 30, 2018
 
52

2017
 
December 31, 2017
 
53

Upcoming Fiscal Year
 
 
 
 
2020
 
December 27, 2020
 
52

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
Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding for the fiscal years ended December 29, 2019, December 30, 2018, and December 31, 2017 as follows (in thousands):
 
2019
 
2018
 
2017
Basic weighted average shares outstanding
12,959

 
12,976

 
12,899

Dilutive effect of stock options and awards

 

 
99

Diluted weighted average shares outstanding
12,959

 
12,976

 
12,998

 
 
 
 
 
 
Awards excluded due to anti-dilutive effect on diluted earnings per share
378

 
427

 
329