Net Income per Common and Common Equivalent Share

8 Months Ended

May 12, 2024

Earnings Per Share [Abstract]

Net Income Per Common and Common Equivalent Share

Note 7—Net Income per Common and Common Equivalent Share

The following table shows the amounts used in computing net income per share and the weighted average number of shares of basic and of potentially dilutive common shares outstanding (shares in 000s):

	12 Weeks Ended				36 Weeks Ended
	May 12, 2024		May 7, 2023		May 12, 2024		May 7, 2023
Net income	$	1,681	$	1,302	$	5,013	$	4,132
Weighted average basic shares	443,892		443,814		443,870		443,843
RSUs	936		546		792		612
Weighted average diluted shares	444,828		444,360		444,662		444,455

Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated based on the dilutive effect of RSUs using the treasury stock method.