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EARNINGS PER COMMON SHARE (Tables)
 9 Months Ended
Oct. 01, 2016
EARNINGS PER COMMON SHARE:  
Schedule of computation of basic and diluted earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

Three Months Ended

 

 

 

October 1, 2016

 

October 3, 2015

 

October 1, 2016

 

October 3, 2015

 

In thousands, except per share data

    

(39 Weeks)

    

(39 Weeks)

    

(13 Weeks)

    

(13 Weeks)

 

Income (loss) from continuing operations

 

$
64,978

 

$
(39,800)

 

$
29,503

 

$
4,510

 

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

 

 
3,057

 

 
(4,577)

 

 
123

 

 
(2,207)

 

Net income (loss)

 

$
68,035

 

$
(44,377)

 

$
29,626

 

$
2,303

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 
128,011

 

 
127,611

 

 
128,101

 

 
127,682

 

Stock options and nonvested shares (a)

 

 
1,066

 

 

 —

 

 
1,350

 

 
436

 

Diluted weighted average shares outstanding

 

 
129,077

 

 
127,611

 

 
129,451

 

 
128,118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
0.51

 

$
(0.31)

 

$
0.23

 

$
0.04

 

Income (loss) from discontinued operations

 

$
0.02

 

$
(0.04)

 

$

 —

 

$
(0.02)

 

Net income (loss)

 

$
0.53

 

$
(0.35)

 

$
0.23

 

$
0.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
0.50

 

$
(0.31)

 

$
0.23

 

$
0.04

 

Income (loss) from discontinued operations

 

$
0.03

 

$
(0.04)

 

$

 —

 

$
(0.02)

 

Net income (loss)

 

$
0.53

 

$
(0.35)

 

$
0.23

 

$
0.02

 

Because the Company incurred a loss from continuing operations for the nine months ended October 3, 2015, approximately 0.9 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.