Earnings Per Share (Tables)

6 Months Ended

Jul. 13, 2013

Basic and Diluted Earnings Per Common Share

The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for the twelve and twenty-eight weeks ended July 13, 2013 and July 14, 2012 (amounts and shares in thousands, except per share data):


	For the Twelve Weeks Ended				For the Twenty-Eight Weeks ended
	July 13, 2013		July 14, 2012		July 13, 2013		July 14, 2012
Net income	$	46,460	$	28,380	$	159,735	$	66,323

Basic Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		207,837		203,710		207,455		203,444

Basic earnings per common share	$	0.22	$	0.14	$	0.77	$	0.33

Diluted Earnings Per Common Share:
Basic weighted average shares outstanding for common stock		207,837		203,710		207,455		203,444
Add: Shares of common stock assumed issued upon exercise of stock options and vesting of restricted stock		4,055		2,864		3,989		2,706

Diluted weighted average shares outstanding for common stock		211,892		206,574		211,444		206,150

Diluted earnings per common share	$	0.22	$	0.14	$	0.76	$	0.32

Antidilutive Securities Excluded from Computation of Earnings per Share

The following shares were not included in the computation of diluted earnings per share for the twelve and twenty-eight weeks ended July 13, 2013 and July 14, 2012 because their effect would have been anti-dilutive (shares in thousands):


	Common shares
For the twelve weeks ended July 13, 2013		—
For the twelve weeks ended July 14, 2012		—
For the twenty-eight weeks ended July 13, 2013		113
For the twenty-eight weeks ended July 14, 2012		72