Earnings Per Share (Tables)

9 Months Ended

Oct. 06, 2012

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 twelve and forty weeks ended October 6, 2012 and October 8, 2011 (amounts and shares in thousands, except per share data):

	For the Twelve Weeks Ended				For the Forty Weeks Ended
	October 6, 2012		October 8, 2011		October 6, 2012		October 8, 2011
Net income	$	31,231	$	31,019	$	97,554	$	100,390
Basic Earnings Per Common Share:
Weighted average shares outstanding for common stock		138,027		135,617		136,348		135,327
Weighted average shares outstanding for participating securities		—		—		—		57
Basic weighted average shares outstanding for common stock		138,027		135,617		136,348		135,384
Basic earnings per common share	$	0.23	$	0.23	$	0.72	$	0.74
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		138,027		135,617		136,348		135,384
Add: Shares of common stock assumed issued upon exercise of stock options and vesting of restricted stock		1,690		1,590		1,762		1,467
Diluted weighted average shares outstanding for common stock		139,717		137,207		138,110		136,851
Diluted earnings per common share	$	0.22	$	0.23	$	0.71	$	0.73

Antidilutive Securities Excluded from Computation of Earnings Per Share

The following shares were not included in the computation of diluted earnings per share for the twelve and forty weeks ended October 6, 2012 and October 8, 2011 because their effect would have been anti-dilutive (shares in thousands):

	Common shares
For the twelve weeks ended October 6, 2012	137,450
For the twelve weeks ended October 8, 2011	—
For the forty weeks ended October 6, 2012	137,450
For the forty weeks ended October 8, 2011	—