Earnings Per Share

6 Months Ended

Jun. 30, 2018

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				26-Weeks Ended
	June 30, 2018		July 1, 2017		June 30, 2018		July 1, 2017
Numerator:
Net income	$	125,533	$	65,458	$	192,850	$	92,274
Denominator:
Weighted-average common shares outstanding	215,827,074		222,754,030		215,453,656		222,059,022
Dilutive effect of share-based awards	1,943,239		4,037,419		2,037,611		4,498,408
Weighted-average dilutive shares outstanding	217,770,313		226,791,449		217,491,267		226,557,430
Basic earnings per share	$	0.58	$	0.29	$	0.90	$	0.42
Diluted earnings per share	$	0.58	$	0.29	$	0.89	$	0.41