Average Shares Outstanding

4 Months Ended

Jan. 21, 2018

Weighted Average Number of Shares Outstanding, Diluted [Abstract]

Average Shares Outstanding

AVERAGE SHARES OUTSTANDING

Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive common shares include stock options, nonvested stock awards and units, and non-management director stock equivalents. Performance share awards are included in the average diluted shares outstanding each period if the performance criteria have been met at the end of the respective periods.

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding (in thousands):

	Sixteen Weeks Ended
	January 21, 2018	January 22, 2017
Weighted-average shares outstanding – basic	29,551	32,168
Effect of potentially dilutive securities:
Nonvested stock awards and units	229	181
Stock options	64	76
Performance share awards	9	17
Weighted-average shares outstanding – diluted	29,853	32,442
Excluded from diluted weighted-average shares outstanding:
Antidilutive	90	44
Performance conditions not satisfied at the end of the period	74	79