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EARNINGS PER SHARE (Tables)
4 Months Ended
Apr. 23, 2016
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 sixteen weeks ended April 23, 2016 and April 25, 2015 (amounts and shares in thousands, except per share data):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 23, 2016

 

 

April 25, 2015

 

Net income

 

$

59,363

 

 

$

61,389

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

210,662

 

 

 

209,913

 

Basic earnings per common share

 

$

0.28

 

 

$

0.29

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

210,662

 

 

 

209,913

 

Add: Shares of common stock assumed issued upon

   exercise of stock options and vesting of restricted stock

 

 

2,174

 

 

 

2,805

 

Diluted weighted average shares outstanding for common stock

 

 

212,836

 

 

 

212,718

 

Diluted earnings per common share

 

$

0.28

 

 

$

0.29