Earnings Per Share

4 Months Ended

Apr. 22, 2023

Earnings Per Share [Abstract]

Earnings Per Share

16. 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 sixteen weeks ended April 22, 2023 and April 23, 2022, respectively (amounts and shares in thousands, except per share data):

	For the Sixteen Weeks Ended
	April 22, 2023		April 23, 2022
Net income	$	70,710	$	85,589
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		211,769		211,999
Basic earnings per common share	$	0.33	$	0.40
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		211,769		211,999
Add: Shares of common stock assumed issued upon exercise of    stock options and vesting of restricted stock		1,628		1,315
Diluted weighted average shares outstanding for common stock		213,397		213,314
Diluted earnings per common share	$	0.33	$	0.40

There were 326,690 and 330,140 anti-dilutive shares during the sixteen weeks ended April 22, 2023 and April 23, 2022, respectively.