Earnings Per Share (Tables)

6 Months Ended

Jul. 15, 2017

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 twelve and twenty-eight weeks ended July 15, 2017 and July 16, 2016, respectively (amounts and shares in thousands, except per share data):

	For the Twelve Weeks Ended				For the Twenty-Eight Weeks Ended
	July 15, 2017		July 16, 2016		July 15, 2017		July 16, 2016
Net income	$	44,740	$	51,155	$	105,158	$	110,518
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		209,483		207,211		209,277		209,183
Basic earnings per common share	$	0.21	$	0.25	$	0.50	$	0.53
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		209,483		207,211		209,277		209,183
Add: Shares of common stock assumed issued upon exercise of stock options and vesting of restricted stock		786		1,803		946		2,047
Diluted weighted average shares outstanding for common stock		210,269		209,014		210,223		211,230
Diluted earnings per common share	$	0.21	$	0.24	$	0.50	$	0.52