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Earnings (Loss) Per Share
9 Months Ended
Oct. 07, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

13. EARNINGS (LOSS) PER 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 forty weeks ended October 7, 2017 and October 8, 2016, respectively (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 7, 2017

 

 

October 8, 2016

 

 

October 7, 2017

 

 

October 8, 2016

 

Net income (loss)

 

$

(33,571

)

 

$

40,216

 

 

$

71,587

 

 

$

150,734

 

Basic Earnings (Loss) Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

209,606

 

 

 

207,402

 

 

 

209,376

 

 

 

208,649

 

Basic earnings (loss) per common share

 

$

(0.16

)

 

$

0.19

 

 

$

0.34

 

 

$

0.72

 

Diluted Earnings (Loss) Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

209,606

 

 

 

207,402

 

 

 

209,376

 

 

 

208,649

 

Add: Shares of common stock assumed issued upon exercise of stock options and vesting of restricted stock

 

 

 

 

 

1,542

 

 

 

855

 

 

 

1,915

 

Diluted weighted average shares outstanding for common stock

 

 

209,606

 

 

 

208,944

 

 

 

210,231

 

 

 

210,564

 

Diluted earnings (loss) per common share

 

$

(0.16

)

 

$

0.19

 

 

$

0.34

 

 

$

0.72

 

 

There were 1,682,086 and 792,136, respectively, of anti-dilutive shares during the twelve and forty weeks ended October 7, 2017 and there were no anti-dilutive shares during the twelve and forty weeks ended October 8, 2016.