Earnings Per Share

4 Months Ended

Apr. 24, 2021

Earnings Per Share [Abstract]

Earnings Per Share

15. EARNINGS PER SHARE

The following is a reconciliation of net income (loss) and weighted average shares for calculating basic and diluted earnings per common share for the sixteen weeks ended April 24, 2021 and April 18, 2020, respectively (amounts and shares in thousands, except per share data):

	For the Sixteen Weeks Ended
	April 24, 2021		April 18, 2020
Net income (loss)	$	71,655	$	(5,772	)
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		211,889		211,754
Basic earnings per common share	$	0.34	$	(0.03	)
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		211,889		211,754
Add: Shares of common stock assumed issued upon exercise of    stock options and vesting of restricted stock		891		—
Diluted weighted average shares outstanding for common stock		212,780		211,754
Diluted earnings per common share	$	0.34	$	(0.03	)

There were 362,690 and 324,240 anti-dilutive shares during the sixteen weeks ended April 24, 2021 and April 18, 2020, respectively.