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Earnings Per Share (Tables)
 6 Months Ended
Jul. 15, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common 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 15, 2023 and July 16, 2022, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 15, 2023

 

 

July 16, 2022

 

 

July 15, 2023

 

 

July 16, 2022

 

Net income

 

$

63,760

 

 

$

53,680

 

 

$

134,470

 

 

$

139,269

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

212,031

 

 

 

212,186

 

 

 

211,881

 

 

 

212,079

 

Basic earnings per common share

 

$

0.30

 

 

$

0.25

 

 

$

0.63

 

 

$

0.66

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

212,031

 

 

 

212,186

 

 

 

211,881

 

 

 

212,079

 

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

 

 

978

 

 

 

1,121

 

 

 

1,657

 

 

 

1,236

 

Diluted weighted average shares outstanding for common stock

 

 

213,009

 

 

 

213,307

 

 

 

213,538

 

 

 

213,315

 

Diluted earnings per common share

 

$

0.30

 

 

$

0.25

 

 

$

0.63

 

 

$

0.65