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Earnings Per Share
6 Months Ended
Jul. 16, 2011
Earnings Per Share  
Earnings Per Share

11. EARNINGS PER SHARE

On May 25, 2011, the board of directors declared a 3-for-2 stock split of the company's common stock. The record date for the split was June 10, 2011, and new shares were issued on June 24, 2011. All share and per share information has been restated for all prior periods presented giving retroactive effect to the stock split.

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 16, 2011 and July 17, 2010 (amounts and shares in thousands, except per share data):

 

The following shares were not included in the computation of diluted earnings per share for the twelve and twenty-eighty weeks ended July 16, 2011 and July 17, 2010 because their effect would have been anti-dilutive (shares in thousands):

 

     Common shares  

For the twelve weeks ended July 16, 2011

     —     

For the twelve weeks ended July 17, 2010

     1,130   

For the twenty-eight weeks ended July 16, 2011

     1,654   

For the twenty-eight weeks ended July 17, 2010

     2,118