Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

15. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding.

Diluted EPS is computed using the weighted average number of shares of common stock, plus the effect of potentially dilutive securities. Stock options, non-vested restricted shares with forfeitable dividend rights, restricted stock units, and employee stock purchase plan deferrals are considered potentially dilutive securities.

The following table sets forth the computation of basic and diluted EPS:

	13-Weeks Ended
	March 31, 2018		April 1, 2017
Numerator (in thousands):
Net income	$	67,317	$	26,816
Denominator:
Weighted-average common shares outstanding		215,080,238		221,364,013
Dilutive effect of share-based awards		2,131,984		4,959,397
Weighted-average dilutive shares outstanding		217,212,222		226,323,410
Basic earnings per share	$	0.31	$	0.12
Diluted earnings per share	$	0.31	$	0.12