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EARNINGS PER SHARE (Tables)
6 Months Ended
Jul. 18, 2015
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 twelve and twenty-eight weeks ended July 18, 2015 and July 12, 2014 (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 18, 2015

 

 

July 12, 2014

 

 

July 18, 2015

 

 

July 12, 2014

 

Net income

 

$

51,760

 

 

$

42,064

 

 

$

113,149

 

 

$

103,130

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

210,334

 

 

 

209,639

 

 

 

210,093

 

 

 

209,354

 

Basic earnings per common share

 

$

0.25

 

 

$

0.20

 

 

$

0.54

 

 

$

0.49

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

210,334

 

 

 

209,639

 

 

 

210,093

 

 

 

209,354

 

Add: Shares of common stock assumed issued upon

   exercise of stock options and vesting of restricted stock

 

 

2,538

 

 

 

3,280

 

 

 

2,705

 

 

 

3,552

 

Diluted weighted average shares outstanding for common stock

 

 

212,872

 

 

 

212,919

 

 

 

212,798

 

 

 

212,906

 

Diluted earnings per common share

 

$

0.24

 

 

$

0.20

 

 

$

0.53

 

 

$

0.48