Earnings Per Share

4 Months Ended

Apr. 22, 2017

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 sixteen weeks ended April 22, 2017 and April 23, 2016, respectively (amounts and shares in thousands, except per share data):

	For the Sixteen Weeks Ended
	April 22, 2017		April 23, 2016
Net income	$	60,418	$	59,363
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		209,123		210,662
Basic earnings per common share	$	0.29	$	0.28
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		209,123		210,662
Add: Shares of common stock assumed issued upon exercise of stock options and vesting of restricted stock		1,152		2,174
Diluted weighted average shares outstanding for common stock		210,275		212,836
Diluted earnings per common share	$	0.29	$	0.28

There were 813,870 anti-dilutive shares during the sixteen weeks ended April 22, 2017 and there were 398,900 anti-dilutive shares during the sixteen weeks ended April 23, 2016.