Earnings Per Share

6 Months Ended

Jul. 16, 2022

Earnings Per Share [Abstract]

Earnings Per Share

14. EARNINGS PER SHARE

The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for the twelve and twenty-eight weeks ended July 16, 2022 and July 17, 2021, respectively (amounts and shares in thousands, except per share data):

	For the Twelve Weeks Ended				For the Twenty-Eight Weeks Ended
	July 16, 2022		July 17, 2021		July 16, 2022		July 17, 2021
Net income	$	53,680	$	56,358	$	139,269	$	128,013
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		212,186		211,932		212,079		211,908
Basic earnings per common share	$	0.25	$	0.27	$	0.66	$	0.60
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		212,186		211,932		212,079		211,908
Add: Shares of common stock assumed issued upon exercise of    stock options and vesting of restricted stock		1,121		1,124		1,236		989
Diluted weighted average shares outstanding for common stock		213,307		213,056		213,315		212,897
Diluted earnings per common share	$	0.25	$	0.26	$	0.65	$	0.60

There were 328,790 anti-dilutive shares during the twelve and twenty-eight weeks ended July 16, 2022 and 362,220 anti-dilutive shares during the twenty-eight weeks ended July 17, 2021. There were no anti-dilutive shares during the twelve weeks ended July 17, 2021.