Earnings Per Share

9 Months Ended

Sep. 29, 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				39-Weeks Ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Numerator:
Net income	$	114,286	$	95,551	$	307,136	$	187,825
Denominator:
Weighted-average common shares outstanding	216,623,903		223,807,520		215,843,738		222,641,854
Dilutive effect of share-based awards	1,483,161		2,054,754		1,852,795		3,683,857
Weighted-average dilutive shares outstanding	218,107,064		225,862,274		217,696,533		226,325,711
Basic earnings per share	$	0.53	$	0.43	$	1.42	$	0.84
Diluted earnings per share	$	0.52	$	0.42	$	1.41	$	0.83