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Earnings Per Share (Tables)
6 Months Ended
Jul. 15, 2017
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 15,

 

 

July 16,

 

 

July 15,

 

 

July 16,

 

(In thousands, except per share amounts)

2017

 

 

2016

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

$

 

21,060

 

 

$

 

17,560

 

 

$

 

36,125

 

 

$

 

27,520

 

Adjustment for earnings attributable to participating securities

 

 

(357

)

 

 

 

(314

)

 

 

 

(640

)

 

 

 

(492

)

Earnings from continuing operations used in calculating earnings per share

$

 

20,703

 

 

$

 

17,246

 

 

$

 

35,485

 

 

$

 

27,028

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating securities

 

 

37,809

 

 

 

 

37,475

 

 

 

 

37,742

 

 

 

 

37,483

 

Adjustment for participating securities

 

 

(641

)

 

 

 

(670

)

 

 

 

(669

)

 

 

 

(670

)

Shares used in calculating basic earnings per share

 

 

37,168

 

 

 

 

36,805

 

 

 

 

37,073

 

 

 

 

36,813

 

Effect of dilutive stock options

 

 

22

 

 

 

 

71

 

 

 

 

45

 

 

 

 

59

 

Shares used in calculating diluted earnings per share

 

 

37,190

 

 

 

 

36,876

 

 

 

 

37,118

 

 

 

 

36,872

 

Basic earnings per share from continuing operations

$

 

0.56

 

 

$

 

0.47

 

 

$

 

0.96

 

 

$

 

0.73

 

Diluted earnings per share from continuing operations

$

 

0.56

 

 

$

 

0.47

 

 

$

 

0.96

 

 

$

 

0.73