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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

13-Weeks Ended

 

 

39-Weeks Ended

 

 

 

September 30,

2017

 

 

October 1,

2016

 

 

September 30,

2017

 

 

October 1,

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (in thousands)

 

$

95,551

 

 

$

133,011

 

 

$

187,825

 

 

$

132,930

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

223,807,520

 

 

 

220,608,821

 

 

 

222,641,854

 

 

 

193,269,252

 

Dilutive effect of share-based awards

 

 

2,054,754

 

 

 

4,445,230

 

 

 

3,683,857

 

 

 

3,536,738

 

Weighted-average dilutive shares outstanding

 

 

225,862,274

 

 

 

225,054,051

 

 

 

226,325,711

 

 

 

196,805,990

 

Basic earnings per share

 

$

0.43

 

 

$

0.60

 

 

$

0.84

 

 

$

0.69

 

Diluted earnings per share

 

$

0.42

 

 

$

0.59

 

 

$

0.83

 

 

$

0.68