Earnings Per Share (Tables)

9 Months Ended

Oct. 09, 2021

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 9, 2021 and October 3, 2020, respectively (amounts and shares in thousands, except per share data):

	For the Twelve Weeks Ended				For the Forty Weeks Ended
	October 9, 2021		October 3, 2020		October 9, 2021		October 3, 2020
Net income	$	38,852	$	44,347	$	166,865	$	96,494
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		211,921		211,800		211,912		211,776
Basic earnings per common share	$	0.18	$	0.21	$	0.79	$	0.46
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		211,921		211,800		211,912		211,776
Add: Shares of common stock assumed issued upon exercise of    stock options and vesting of restricted stock		1,266		658		1,067		494
Diluted weighted average shares outstanding for common stock		213,187		212,458		212,979		212,270
Diluted earnings per common share	$	0.18	$	0.21	$	0.78	$	0.45