EARNINGS PER SHARE

9 Months Ended

Oct. 08, 2016

12. 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 8, 2016 and October 10, 2015 (amounts and shares in thousands, except per share data):

	For the Twelve Weeks Ended				For the Forty Weeks Ended
	October 8, 2016		October 10, 2015		October 8, 2016		October 10, 2015
Net income	$	40,216	$	43,796	$	150,734	$	156,945
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		207,402		210,842		208,649		210,318
Basic earnings per common share	$	0.19	$	0.21	$	0.72	$	0.75
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		207,402		210,842		208,649		210,318
Add: Shares of common stock assumed issued upon exercise of stock options and vesting of restricted stock		1,542		2,468		1,915		2,603
Diluted weighted average shares outstanding for common stock		208,944		213,310		210,564		212,921
Diluted earnings per common share	$	0.19	$	0.21	$	0.72	$	0.74

There were no anti-dilutive shares during the twelve and forty weeks ended October 8, 2016 and October 10, 2015.