Earnings per Share

6 Months Ended

Jul. 11, 2020

Earnings per Share

The computation of basic and diluted earnings per share are as follows:


	Twelve Weeks Ended						Twenty-Eight Weeks Ended
(in thousands, except per share data)	July 11, 2020		July 13, 2019		July 11, 2020		July 13, 2019
Numerator
Net income applicable to common shares	$	189,960	$	124,820	$	233,548	$	267,320
Denominator
Basic weighted average common shares	69,118		71,738		69,154		71,767
Dilutive impact of share-based awards	176		270		196		296
Diluted weighted average common shares ⁽¹⁾	69,294		72,008		69,350		72,063

Basic earnings per common share	$	2.75	$	1.74	$	3.38	$	3.73
Diluted earnings per common share	$	2.74	$	1.73	$	3.37	$	3.71

⁽¹⁾For the twelve and twenty-eight weeks ended July 11, 2020, 159 thousand and 326 thousand restricted stock units (“RSUs”) were excluded from the diluted calculation as their inclusion would have been anti-dilutive. For the twelve and twenty-eight weeks ended July 13, 2019, these anti-dilutive RSUs were insignificant.