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Earnings Per Share (Tables)
9 Months Ended
Oct. 06, 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 forty weeks ended October 6, 2018 and October 7, 2017, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 6, 2018

 

 

October 7, 2017

 

 

October 6, 2018

 

 

October 7, 2017

 

Net income (loss)

 

$

39,630

 

 

$

(33,571

)

 

$

136,319

 

 

$

71,587

 

Basic Earnings (Loss) Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,082

 

 

 

209,606

 

 

 

210,994

 

 

 

209,376

 

Basic earnings (loss) per common share

 

$

0.19

 

 

$

(0.16

)

 

$

0.65

 

 

$

0.34

 

Diluted Earnings (Loss) Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,082

 

 

 

209,606

 

 

 

210,994

 

 

 

209,376

 

Add: Shares of common stock assumed issued upon exercise of

   stock options and vesting of restricted stock

 

 

482

 

 

 

 

 

 

458

 

 

 

855

 

Diluted weighted average shares outstanding for common stock

 

 

211,564

 

 

 

209,606

 

 

 

211,452

 

 

 

210,231

 

Diluted earnings (loss) per common share

 

$

0.19

 

 

$

(0.16

)

 

$

0.64

 

 

$

0.34