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Earnings Per Share (Tables)
6 Months Ended
Jul. 14, 2018
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 14, 2018 and July 15, 2017, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 14, 2018

 

 

July 15, 2017

 

 

July 14, 2018

 

 

July 15, 2017

 

Net income

 

$

45,442

 

 

$

44,740

 

 

$

96,689

 

 

$

105,158

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,048

 

 

 

209,483

 

 

 

210,956

 

 

 

209,277

 

Basic earnings per common share

 

$

0.22

 

 

$

0.21

 

 

$

0.46

 

 

$

0.50

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,048

 

 

 

209,483

 

 

 

210,956

 

 

 

209,277

 

Add: Shares of common stock assumed issued upon exercise of

   stock options and vesting of restricted stock

 

 

459

 

 

 

786

 

 

 

487

 

 

 

946

 

Diluted weighted average shares outstanding for common stock

 

 

211,507

 

 

 

210,269

 

 

 

211,443

 

 

 

210,223

 

Diluted earnings per common share

 

$

0.21

 

 

$

0.21

 

 

$

0.46

 

 

$

0.50