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Earnings Per Share
 4 Months Ended
Apr. 20, 2024
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 20, 2024 and April 22, 2023, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 20, 2024

 

 

April 22, 2023

 

Net income

 

$

73,043

 

 

$

70,710

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,078

 

 

 

211,769

 

Basic earnings per common share

 

$

0.35

 

 

$

0.33

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,078

 

 

 

211,769

 

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

 

 

1,036

 

 

 

1,628

 

Diluted weighted average shares outstanding for common stock

 

 

212,114

 

 

 

213,397

 

Diluted earnings per common share

 

$

0.34

 

 

$

0.33

 

 

There were 407,670 and 326,690 anti-dilutive shares during the sixteen weeks ended April 20, 2024 and April 22, 2023, respectively.