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Earnings Per Share (Tables)
9 Months Ended
Oct. 04, 2025
Earnings Per Share [Abstract]  
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 forty weeks ended October 4, 2025 and October 5, 2024 (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 4, 2025

 

 

October 5, 2024

 

 

October 4, 2025

 

 

October 5, 2024

 

Net income

 

$

39,534

 

 

$

64,984

 

 

$

150,897

 

 

$

204,994

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,417

 

 

 

210,820

 

 

 

211,318

 

 

 

211,084

 

Basic earnings per common share

 

$

0.19

 

 

$

0.31

 

 

$

0.71

 

 

$

0.97

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

211,417

 

 

 

210,820

 

 

 

211,318

 

 

 

211,084

 

Add: Shares of common stock assumed issued upon
vesting of restricted stock

 

 

690

 

 

 

1,155

 

 

 

771

 

 

 

1,039

 

Diluted weighted average shares outstanding for common stock

 

 

212,107

 

 

 

211,975

 

 

 

212,089

 

 

 

212,123

 

Diluted earnings per common share

 

$

0.19

 

 

$

0.31

 

 

$

0.71

 

 

$

0.97