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Earnings Per Share (Tables)
6 Months Ended
Jul. 16, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share The following table sets forth the computation of basic and diluted net earnings per share:

 

12 Weeks Ended

 

 

28 Weeks Ended

 

(In thousands, except per share amounts)

July 16, 2022

 

 

July 17, 2021

 

 

July 16, 2022

 

 

July 17, 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

$

 

5,115

 

 

$

 

16,814

 

 

$

 

24,404

 

 

$

 

36,330

 

Adjustment for earnings attributable to participating securities

 

 

(54

)

 

 

 

(305

)

 

 

 

(307

)

 

 

 

(736

)

Net earnings used in calculating earnings per share

$

 

5,061

 

 

$

 

16,509

 

 

$

 

24,097

 

 

$

 

35,594

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating securities

 

 

35,564

 

 

 

 

35,693

 

 

 

 

35,565

 

 

 

 

35,734

 

Adjustment for participating securities

 

 

(373

)

 

 

 

(648

)

 

 

 

(448

)

 

 

 

(724

)

Shares used in calculating basic earnings per share

 

 

35,191

 

 

 

 

35,045

 

 

 

 

35,117

 

 

 

 

35,010

 

Effect of dilutive stock warrant

 

 

789

 

 

 

 

134

 

 

 

 

735

 

 

 

 

112

 

Effect of dilutive restricted stock awards

 

 

175

 

 

 

 

63

 

 

 

 

170

 

 

 

 

44

 

Shares used in calculating diluted earnings per share

 

 

36,155

 

 

 

 

35,242

 

 

 

 

36,022

 

 

 

 

35,166

 

Basic earnings per share

$

 

0.14

 

 

$

 

0.47

 

 

$

 

0.69

 

 

$

 

1.02

 

Diluted earnings per share

$

 

0.14

 

 

$

 

0.47

 

 

$

 

0.67

 

 

$

 

1.01