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EARNINGS PER SHARE (Tables)
9 Months Ended
Oct. 10, 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 forty weeks ended October 10, 2015 and October 4, 2014 (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 10, 2015

 

 

October 4, 2014

 

 

October 10, 2015

 

 

October 4, 2014

 

Net income

 

$

43,796

 

 

$

44,599

 

 

$

156,945

 

 

$

147,729

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

210,842

 

 

 

210,084

 

 

 

210,318

 

 

 

209,573

 

Basic earnings per common share

 

$

0.21

 

 

$

0.21

 

 

$

0.75

 

 

$

0.70

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

210,842

 

 

 

210,084

 

 

 

210,318

 

 

 

209,573

 

Add: Shares of common stock assumed issued upon

   exercise of stock options and vesting of restricted stock

 

 

2,468

 

 

 

3,070

 

 

 

2,603

 

 

 

3,432

 

Diluted weighted average shares outstanding for common stock

 

 

213,310

 

 

 

213,154

 

 

 

212,921

 

 

 

213,005

 

Diluted earnings per common share

 

$

0.21

 

 

$

0.21

 

 

$

0.74

 

 

$

0.69