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EARNINGS PER COMMON SHARE (Tables)
 6 Months Ended
Jul. 02, 2016
EARNINGS PER COMMON SHARE:  
Schedule of computation of basic and diluted earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

Three Months Ended

 

 

 

July 2, 2016

 

July 4, 2015

 

July 2, 2016

 

July 4, 2015

 

In thousands, except per share data

    

(26 Weeks)

    

(26 Weeks)

    

(13 Weeks)

    

(13 Weeks)

 

Income (loss) from continuing operations

 

$
35,475

 

$
(44,310)

 

$
24,559

 

$
9,249

 

Income (loss) from discontinued operations, net of income taxes

 

 
2,934

 

 
(2,370)

 

 
2,214

 

 
(708)

 

Net income (loss)

 

$
38,409

 

$
(46,680)

 

$
26,773

 

$
8,541

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 
127,966

 

 
127,576

 

 
128,000

 

 
127,663

 

Stock options and nonvested shares (a)

 

 
922

 

 

 —

 

 
1,140

 

 
768

 

Diluted weighted average shares outstanding

 

 
128,888

 

 
127,576

 

 
129,140

 

 
128,431

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
0.28

 

$
(0.35)

 

$
0.19

 

$
0.07

 

Income (loss) from discontinued operations

 

$
0.02

 

$
(0.02)

 

$
0.02

 

$

 —

 

Net income (loss)

 

$
0.30

 

$
(0.37)

 

$
0.21

 

$
0.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
0.28

 

$
(0.35)

 

$
0.19

 

$
0.07

 

Income (loss) from discontinued operations

 

$
0.02

 

$
(0.02)

 

$
0.02

 

$

 —

 

Net income (loss)

 

$
0.30

 

$
(0.37)

 

$
0.21

 

$
0.07

 

(a)

Because the Company incurred a loss from continuing operations for the six months ended July 4, 2015, approximately 1.0 million outstanding stock options and approximately 2.0 million outstanding nonvested shares were considered antidilutive for such period, and excluded from the computation of diluted loss per share.