Average Shares Outstanding

4 Months Ended

Jan. 18, 2015

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, non-management director stock equivalents and shares issuable under our employee stock purchase plan. 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 18, 2015	January 19, 2014
Weighted-average shares outstanding – basic	38,640	42,434
Effect of potentially dilutive securities:
Stock options	397	765
Nonvested stock awards and units	198	372
Performance share awards	149	267
Weighted-average shares outstanding – diluted	39,384	43,838
Excluded from diluted weighted-average shares outstanding:
Antidilutive	60	151
Performance conditions not satisfied at the end of the period	20	52