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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 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 fiscal years 2016, 2015, and 2014 (amounts in thousands, except per share data):

 

 

 

Fiscal 2016

 

 

Fiscal 2015

 

 

Fiscal 2014

 

Net income

 

$

163,776

 

 

$

189,191

 

 

$

175,739

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

208,511

 

 

 

210,793

 

 

 

209,683

 

Basic earnings per common share

 

$

0.79

 

 

$

0.90

 

 

$

0.84

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

208,511

 

 

 

210,793

 

 

 

209,683

 

Add: Shares of common stock assumed issued upon exercise of stock

   options, vesting of performance-contingent restricted stock

   and deferred stock

 

 

1,843

 

 

 

2,563

 

 

 

3,409

 

Diluted weighted average shares outstanding per common share

 

 

210,354

 

 

 

213,356

 

 

 

213,092

 

Diluted earnings per common share

 

$

0.78

 

 

$

0.89

 

 

$

0.82