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Earnings Per Share
 9 Months Ended
Oct. 05, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

16. 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 twelve and forty weeks ended October 5, 2019 and October 6, 2018, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 5, 2019

 

 

October 6, 2018

 

 

October 5, 2019

 

 

October 6, 2018

 

Net income

 

$

43,358

 

 

$

39,630

 

 

$

162,319

 

 

$

136,319

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,711

 

 

 

211,082

 

 

 

211,575

 

 

 

210,994

 

Basic earnings per common share

 

$

0.20

 

 

$

0.19

 

 

$

0.77

 

 

$

0.65

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,711

 

 

 

211,082

 

 

 

211,575

 

 

 

210,994

 

Add: Shares of common stock assumed issued upon exercise of

   stock options and vesting of restricted stock

 

 

303

 

 

 

482

 

 

 

381

 

 

 

458

 

Diluted weighted average shares outstanding for common stock

 

 

212,014

 

 

 

211,564

 

 

 

211,956

 

 

 

211,452

 

Diluted earnings per common share

 

$

0.20

 

 

$

0.19

 

 

$

0.77

 

 

$

0.64

 

 

There were 11,030 and 64,860 anti-dilutive shares during the twelve and forty weeks ended October 5, 2019, respectively.  There were no anti-dilutive shares during the twelve and forty weeks ended October 6, 2018.