EARNINGS PER SHARE (Tables)

6 Months Ended

Jul. 16, 2016

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 16, 2016 and July 18, 2015 (amounts and shares in thousands, except per share data):

	For the Twelve Weeks Ended				For the Twenty-Eight Weeks Ended
	July 16, 2016		July 18, 2015		July 16, 2016		July 18, 2015
Net income	$	51,155	$	51,760	$	110,518	$	113,149
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		207,211		210,334		209,183		210,093
Basic earnings per common share	$	0.25	$	0.25	$	0.53	$	0.54
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		207,211		210,334		209,183		210,093
Add: Shares of common stock assumed issued upon exercise of stock options and vesting of restricted stock		1,803		2,538		2,047		2,705
Diluted weighted average shares outstanding for common stock		209,014		212,872		211,230		212,798
Diluted earnings per common share	$	0.24	$	0.24	$	0.52	$	0.53