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Earnings Per Share (Tables)
 4 Months Ended
Apr. 18, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share

The following is a reconciliation of net (loss) income and weighted average shares for calculating basic and diluted earnings per common share for the sixteen weeks ended April 18, 2020 and April 20, 2019, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 18, 2020

 

 

April 20, 2019

 

Net (loss) income

 

$

(5,772

)

 

$

65,866

 

Basic (Loss) Earnings Per Common Share:

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,754

 

 

 

211,388

 

Basic (loss) earnings per common share

 

$

(0.03

)

 

$

0.31

 

Diluted (Loss) Earnings Per Common Share:

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,754

 

 

 

211,388

 

Add: Shares of common stock assumed issued upon exercise of

   stock options and vesting of restricted stock

 

 

—

 

 

 

496

 

Diluted weighted average shares outstanding for common stock

 

 

211,754

 

 

 

211,884

 

Diluted (loss) earnings per common share

 

$

(0.03

)

 

$

0.31