XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
Earnings Per Share
 9 Months Ended
Oct. 08, 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 forty weeks ended October 8, 2022 and October 9, 2021, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 8, 2022

 

 

October 9, 2021

 

 

October 8, 2022

 

 

October 9, 2021

 

Net income

 

$

40,528

 

 

$

38,852

 

 

$

179,797

 

 

$

166,865

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

212,016

 

 

 

211,921

 

 

 

212,060

 

 

 

211,912

 

Basic earnings per common share

 

$

0.19

 

 

$

0.18

 

 

$

0.85

 

 

$

0.79

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

212,016

 

 

 

211,921

 

 

 

212,060

 

 

 

211,912

 

Add: Shares of common stock assumed issued upon exercise of
   stock options and vesting of restricted stock

 

 

1,310

 

 

 

1,266

 

 

 

1,257

 

 

 

1,067

 

Diluted weighted average shares outstanding for common stock

 

 

213,326

 

 

 

213,187

 

 

 

213,317

 

 

 

212,979

 

Diluted earnings per common share

 

$

0.19

 

 

$

0.18

 

 

$

0.84

 

 

$

0.78

 

 

There were no anti-dilutive shares and 327,950 anti-dilutive shares during the twelve and forty weeks ended October 8, 2022, respectively. There were no anti-dilutive shares during the twelve and forty weeks ended October 9, 2021.