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Earnings Per Share
 6 Months Ended
Jul. 13, 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 twelve and twenty-eight weeks ended July 13, 2024 and July 15, 2023, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 13, 2024

 

 

July 15, 2023

 

 

July 13, 2024

 

 

July 15, 2023

 

Net income

 

$

66,967

 

 

$

63,760

 

 

$

140,010

 

 

$

134,470

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,356

 

 

 

212,031

 

 

 

211,196

 

 

 

211,881

 

Basic earnings per common share

 

$

0.32

 

 

$

0.30

 

 

$

0.66

 

 

$

0.63

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,356

 

 

 

212,031

 

 

 

211,196

 

 

 

211,881

 

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

 

 

959

 

 

 

978

 

 

 

1,003

 

 

 

1,657

 

Diluted weighted average shares outstanding for common stock

 

 

212,315

 

 

 

213,009

 

 

 

212,199

 

 

 

213,538

 

Diluted earnings per common share

 

$

0.32

 

 

$

0.30

 

 

$

0.66

 

 

$

0.63

 

 

There were no anti-dilutive shares during the twelve and twenty-eight weeks ended July 13, 2024. There were 304,760 anti-dilutive shares during the twelve and twenty-eight weeks ended July 15, 2023.