Earnings Per Share

6 Months Ended

Jun. 26, 2025

Net Income per Common Share

The Company calculates basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding adjusted for the dilutive effect of share-based awards using the treasury stock method.

The following table shows the computation of basic and diluted earnings per share for the periods presented:


	Thirteen Weeks Ended				Twenty-six Weeks Ended
in thousands, except per share data	June 26, 2025		June 27, 2024		June 26, 2025		June 27, 2024
Net income	$	63,178	$	56,666	$	112,056	$	106,698
Basic weighted average shares outstanding	107,622		107,046		107,539		106,908
Dilutive effect of share-based awards	702		1,228		842		1,358
Diluted weighted average shares outstanding	108,324		108,274		108,381		108,266
Basic earnings per share	$	0.59	$	0.53	$	1.04	$	1.00
Diluted earnings per share	$	0.58	$	0.52	$	1.03	$	0.99

The following potentially dilutive securities were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect:


	Thirteen Weeks Ended		Twenty-six Weeks Ended
in thousands	June 26, 2025	June 27, 2024	June 26, 2025	June 27, 2024
Stock options	44	1	37	2

Restricted stock units	437	—	433	—

Floor & Decor Holdings, Inc. 10-Q