Earnings Per Share (Tables)

9 Months Ended

Oct. 03, 2020

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share

The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for the twelve and forty weeks ended October 3, 2020 and October 5, 2019, respectively (amounts and shares in thousands, except per share data):

	For the Twelve Weeks Ended				For the Forty Weeks Ended
	October 3, 2020		October 5, 2019		October 3, 2020		October 5, 2019
Net income	$	44,347	$	43,358	$	96,494	$	162,319
Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		211,800		211,711		211,776		211,575
Basic earnings per common share	$	0.21	$	0.20	$	0.46	$	0.77
Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		211,800		211,711		211,776		211,575
Add: Shares of common stock assumed issued upon exercise of    stock options and vesting of restricted stock		658		303		494		381
Diluted weighted average shares outstanding for common stock		212,458		212,014		212,270		211,956
Diluted earnings per common share	$	0.21	$	0.20	$	0.45	$	0.77