Average Shares Outstanding

4 Months Ended

Jan. 22, 2012

Average Shares Outstanding [Abstract]

Average Shares Outstanding

10. 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-vested stock awards are included in the weighted-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 22,		January 23,
	2012		2011
Weighted-average shares outstanding – basic		43,863		52,077
Effect of potentially dilutive securities:
Stock options		348		466
Nonvested stock awards and units		252		204
Performance-vested stock awards		196		136
Weighted-average shares outstanding – diluted		44,659		52,883
Excluded from diluted weighted-average shares outstanding:
Antidilutive		2,893		3,389
Performance conditions not satisfied at the end of the period		399		369