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Earnings Per Share
 6 Months Ended
Jul. 14, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

Note 11 – Earnings Per Share

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

 

12 Weeks Ended

 

 

28 Weeks Ended

 

(In thousands, except per share amounts)

July 14, 2018

 

 

July 15, 2017

 

 

July 14, 2018

 

 

July 15, 2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

$

 

17,838

 

 

$

 

21,060

 

 

$

 

30,273

 

 

$

 

36,125

 

Adjustment for earnings attributable to participating securities

 

 

(414

)

 

 

 

(357

)

 

 

 

(644

)

 

 

 

(640

)

Earnings from continuing operations used in calculating earnings per share

$

 

17,424

 

 

$

 

20,703

 

 

$

 

29,629

 

 

$

 

35,485

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating securities

 

 

35,928

 

 

 

 

37,809

 

 

 

 

36,075

 

 

 

 

37,742

 

Adjustment for participating securities

 

 

(833

)

 

 

 

(641

)

 

 

 

(767

)

 

 

 

(669

)

Shares used in calculating basic earnings per share

 

 

35,095

 

 

 

 

37,168

 

 

 

 

35,308

 

 

 

 

37,073

 

Effect of dilutive stock options

 

 

13

 

 

 

 

22

 

 

 

 

12

 

 

 

 

45

 

Shares used in calculating diluted earnings per share

 

 

35,108

 

 

 

 

37,190

 

 

 

 

35,320

 

 

 

 

37,118

 

Basic earnings per share from continuing operations

$

 

0.50

 

 

$

 

0.56

 

 

$

 

0.84

 

 

$

 

0.96

 

Diluted earnings per share from continuing operations

$

 

0.50

 

 

$

 

0.56

 

 

$

 

0.84

 

 

$

 

0.96