Annual report pursuant to Section 13 and 15(d)

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

v3.3.1.900
Description of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 27, 2015
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 fiscal year ended December 27, 2015, December 28, 2014, and December 29, 2013 are as follows (in thousands, except per share data):
 
 
2015
 
2014
 
2013
Net income
 
$
47,704

 
$
32,561

 
$
32,239

Shares:
 
 
 
 
 
 
Basic weighted average shares outstanding
 
14,042

 
14,237

 
14,225

Dilutive effect of stock options and awards
 
174

 
210

 
285

Diluted weighted average shares outstanding
 
14,216

 
14,447

 
14,510

Earnings per share:
 
 
 
 
 
 
Basic
 
$
3.40

 
$
2.29

 
$
2.27

Diluted
 
$
3.36

 
$
2.25

 
$
2.22