XML 42 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies and Basis of Presentation (Tables)
 12 Months Ended
Jan. 02, 2016
Accounting Policies [Abstract]  
Property and Equipment Estimated Useful Lives

Depreciation expense on land improvements, buildings and improvements, and equipment is computed using the straight-line method as follows:

 

Land improvements

 

 

15 years

 

Buildings and improvements

 

 

15 to 40 years

 

Equipment

 

 

3 to 15 years

 

 
Summary of Changes in the Company's Self-Insurance Liability

A summary of changes in the Company’s self-insurance liability is as follows:

 

(In thousands)

January 2, 2016

 

 

January 3, 2015

 

 

December 28, 2013

 

Balance at beginning of period

$

 

19,413

 

 

$

 

22,454

 

 

$

 

7,167

 

Balance assumed in merger

 

 

—

 

 

 

 

—

 

 

 

 

13,248

 

Expenses

 

 

43,851

 

 

 

 

53,297

 

 

 

 

25,291

 

Claim payments, net of employee contributions

 

 

(48,798

)

 

 

 

(56,338

)

 

 

 

(23,252

)

Balance at end of period

$

 

14,466

 

 

$

 

19,413

 

 

$

 

22,454

 

 
Schedule of Computation of Basic and Diluted EPS for Continuing Operations

The following table sets forth the computation of basic and diluted EPS for continuing operations:

 

 

January 2, 2016

 

 

January 3, 2015

 

 

December 28, 2013

 

(In thousands, except per share amounts)

(52 Weeks)

 

 

(53 Weeks)

 

 

(39 Weeks)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

$

 

63,166

 

 

$

 

59,120

 

 

$

 

1,229

 

Adjustment for earnings attributable to participating securities

 

 

(1,098

)

 

 

 

(1,015

)

 

 

 

(26

)

Earnings from continuing operations used in calculating earnings

   per share

$

 

62,068

 

 

$

 

58,105

 

 

$

 

1,203

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating

   securities

 

 

37,612

 

 

 

 

37,641

 

 

 

 

24,137

 

Adjustment for participating securities

 

 

(654

)

 

 

 

(646

)

 

 

 

(519

)

Shares used in calculating basic earnings per share

 

 

36,958

 

 

 

 

36,995

 

 

 

 

23,618

 

Effect of dilutive stock options

 

 

106

 

 

 

 

69

 

 

 

 

92

 

Shares used in calculating diluted earnings per share

 

 

37,064

 

 

 

 

37,064

 

 

 

 

23,710

 

Basic earnings per share from continuing operations

$

 

1.68

 

 

$

 

1.57

 

 

$

 

0.05

 

Diluted earnings per share from continuing operations

$

 

1.67

 

 

$

 

1.57

 

 

$

 

0.05