EARNINGS PER SHARE

4 Months Ended

Apr. 20, 2025

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income by the weighted average shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of outstanding equity awards for the period using the treasury-stock method.

The following table sets forth the computation of earnings per common share:

	Sixteen Weeks Ended
(in thousands, except per share amounts)	April 20, 2025		April 21, 2024
Net income	$	25,707	$	13,993
Weighted-average shares outstanding:
Basic	115,525		113,972
Dilutive awards	2,912		3,964
Diluted	118,437		117,936
Earnings per common share:
Basic	$	0.22	$	0.12
Diluted	$	0.22	$	0.12

The following equity awards were excluded from the calculation of diluted earnings per share:

	Sixteen Weeks Ended
(in thousands)	April 20, 2025	April 21, 2024
Options to purchase common stock	49	4
Time-based vesting restricted stock units	61	1
Total common stock equivalents	110	5