XML 48 R29.htm IDEA: XBRL DOCUMENT v3.6.0.2
Summary of Significant Accounting Policies and Basis of Presentation (Tables)
 12 Months Ended
Dec. 31, 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:

 

 

December 31,

 

 

January 2,

 

 

January 3,

 

(In thousands)

2016

 

 

2016

 

 

2015

 

Balance at beginning of period

$

 

14,466

 

 

$

 

19,413

 

 

$

 

22,454

 

Expenses

 

 

49,560

 

 

 

 

43,851

 

 

 

 

53,297

 

Claim payments, net of employee contributions

 

 

(49,296

)

 

 

 

(48,798

)

 

 

 

(56,338

)

Balance at end of period

$

 

14,730

 

 

$

 

14,466

 

 

$

 

19,413

 

 
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:

 

 

December 31,

 

 

January 2,

 

 

January 3,

 

 

2016

 

 

2016

 

 

2015

 

(In thousands, except per share amounts)

(52 Weeks)

 

 

(52 Weeks)

 

 

(53 Weeks)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

$

 

57,056

 

 

$

 

63,166

 

 

$

 

59,120

 

Adjustment for earnings attributable to participating securities

 

 

(1,011

)

 

 

 

(1,098

)

 

 

 

(1,015

)

Earnings from continuing operations used in calculating earnings per share

$

 

56,045

 

 

$

 

62,068

 

 

$

 

58,105

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating securities

 

 

37,483

 

 

 

 

37,612

 

 

 

 

37,641

 

Adjustment for participating securities

 

 

(664

)

 

 

 

(654

)

 

 

 

(646

)

Shares used in calculating basic earnings per share

 

 

36,819

 

 

 

 

36,958

 

 

 

 

36,995

 

Effect of dilutive stock options

 

 

73

 

 

 

 

106

 

 

 

 

69

 

Shares used in calculating diluted earnings per share

 

 

36,892

 

 

 

 

37,064

 

 

 

 

37,064

 

Basic earnings per share from continuing operations

$

 

1.52

 

 

$

 

1.68

 

 

$

 

1.57

 

Diluted earnings per share from continuing operations

$

 

1.52

 

 

$

 

1.67

 

 

$

 

1.57