XML 29 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity
 4 Months Ended
Jan. 20, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ DEFICIT
Summary of changes in stockholders’ deficit — A reconciliation of the beginning and ending amounts of deficit is presented below (in thousands):
 
Sixteen Weeks Ended
 
January 20,
2019
 
January 21,
2018
Balance at beginning of period
$
(591,699
)
 
$
(388,130
)
Shares issued under stock plans, including tax benefit
115

 
—

Share-based compensation
1,909

 
3,385

Dividends declared

(10,318
)
 
(11,773
)
Net earnings

34,098

 
12,190

Other comprehensive (loss) income, net of taxes

(4,071
)
 
9,919

Cumulative-effect from a change in accounting principle
(37,330
)
 
(151
)
Balance at end of period
$
(607,296
)
 
$
(374,560
)

Repurchases of common stock — In 2019, we have not repurchased any common shares. In November 2018, the Board of Directors approved an additional $60.0 million stock-buyback program that expires in November 2019. As of January 20, 2019, there was approximately $101.0 million remaining under the Board-authorized stock buyback program which expire November 2019.
Repurchases of common stock included in our condensed consolidated statement of cash flows for fiscal 2019 includes $14.4 million related to repurchase transactions traded in the prior fiscal year that settled in 2019.
Dividends — In November 2018, the Board of Directors declared a cash dividend of $0.40 per common share which was paid on December 18, 2018 to shareholders of record as of the close of business on December 5, 2018 and totaled $10.3 million. Future dividends are subject to approval by our Board of Directors.