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Earnings Per Share
 9 Months Ended
Oct. 05, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

16. EARNINGS PER SHARE

The following is a reconciliation of net income (loss) and weighted average shares for calculating basic and diluted earnings (loss) per common share for the twelve and forty weeks ended October 5, 2024 and October 7, 2023, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 5, 2024

 

 

October 7, 2023

 

 

October 5, 2024

 

 

October 7, 2023

 

Net income (loss)

 

$

64,984

 

 

$

(46,730

)

 

$

204,994

 

 

$

87,740

 

Basic Earnings (Loss) Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

210,820

 

 

 

211,522

 

 

 

211,084

 

 

 

211,773

 

Basic earnings (loss) per common share

 

$

0.31

 

 

$

(0.22

)

 

$

0.97

 

 

$

0.41

 

Diluted Earnings (Loss) Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

210,820

 

 

 

211,522

 

 

 

211,084

 

 

 

211,773

 

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

 

 

1,155

 

 

 

—

 

 

 

1,039

 

 

 

1,682

 

Diluted weighted average shares outstanding for common stock

 

 

211,975

 

 

 

211,522

 

 

 

212,123

 

 

 

213,455

 

Diluted earnings (loss) per common share

 

$

0.31

 

 

$

(0.22

)

 

$

0.97

 

 

$

0.41

 

 

There were no anti-dilutive shares and 37,809 anti-dilutive shares during the twelve and forty weeks ended October 5, 2024, respectively. There were 302,770 anti-dilutive shares during the twelve and forty weeks ended October 7, 2023.