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Earnings Per Share (Tables)
6 Months Ended
Jul. 16, 2016
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share from Continuing Operations

The following table sets forth the computation of basic and diluted earnings per share from continuing operations:

 

 

12 Weeks Ended

 

 

28 Weeks Ended

 

 

July 16,

 

 

July 18,

 

 

July 16,

 

 

July 18,

 

(In thousands, except per share amounts)

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

$

 

17,560

 

 

$

 

20,307

 

 

$

 

27,520

 

 

$

 

30,754

 

Adjustment for earnings attributable to participating securities

 

 

(314

)

 

 

 

(350

)

 

 

 

(492

)

 

 

 

(546

)

Earnings from continuing operations used in calculating earnings per share

$

 

17,246

 

 

$

 

19,957

 

 

$

 

27,028

 

 

$

 

30,208

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating securities

 

 

37,475

 

 

 

 

37,584

 

 

 

 

37,483

 

 

 

 

37,644

 

Adjustment for participating securities

 

 

(670

)

 

 

 

(648

)

 

 

 

(670

)

 

 

 

(668

)

Shares used in calculating basic earnings per share

 

 

36,805

 

 

 

 

36,936

 

 

 

 

36,813

 

 

 

 

36,976

 

Effect of dilutive stock options

 

 

71

 

 

 

 

126

 

 

 

 

59

 

 

 

 

126

 

Shares used in calculating diluted earnings per share

 

 

36,876

 

 

 

 

37,062

 

 

 

 

36,872

 

 

 

 

37,102

 

Basic earnings per share from continuing operations

$

 

0.47

 

 

$

 

0.54

 

 

$

 

0.73

 

 

$

 

0.82

 

Diluted earnings per share from continuing operations

$

 

0.47

 

 

$

 

0.54

 

 

$

 

0.73

 

 

$

 

0.81