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Earnings Per Share (Tables)
 4 Months Ended
Apr. 19, 2025
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 sixteen weeks ended April 19, 2025 and April 20, 2024, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 19, 2025

 

 

April 20, 2024

 

Net income

 

$

52,998

 

 

$

73,043

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,194

 

 

 

211,078

 

Basic earnings per common share

 

$

0.25

 

 

$

0.35

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,194

 

 

 

211,078

 

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

 

 

944

 

 

 

1,036

 

Diluted weighted average shares outstanding for common stock

 

 

212,138

 

 

 

212,114

 

Diluted earnings per common share

 

$

0.25

 

 

$

0.34