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EARNINGS PER SHARE
 9 Months Ended
Oct. 04, 2014
EARNINGS PER SHARE

11. 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 forty weeks ended October 4, 2014 and October 5, 2013 (amounts and shares in thousands, except per share data):

 

     For the
Twelve Weeks Ended		      For the
Forty Weeks ended		  
     October 4, 2014      October 5, 2013      October 4, 2014      October 5, 2013  

Net income

    $ 44,599       $ 33,888       $ 147,729       $ 192,374   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic Earnings Per Common Share:

            

Basic weighted average shares outstanding for common stock

      210,084         208,428         209,573         207,747   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per common share

    $ 0.21       $ 0.16       $ 0.70       $ 0.93   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted Earnings Per Common Share:

            

Basic weighted average shares outstanding for common stock

      210,084         208,428         209,573         207,747   

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

      3,070         3,936         3,432         3,980   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted average shares outstanding for common stock

      213,154         212,364         213,005         211,727   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per common share

    $ 0.21       $ 0.16       $ 0.69       $ 0.91   
  

 

 

     

 

 

     

 

 

     

 

 

  

There were approximately 59,000 shares excluded from the computation of diluted earnings per share during the forty weeks ended October 5, 2013 because their effect would have been anti-dilutive. There were no anti-dilutive shares for the remaining periods.