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Summary of Significant Accounting Policies and Basis of Presentation (Tables)
 12 Months Ended
Dec. 29, 2018
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)

2018

 

 

2017

 

 

2016

 

Balance at beginning of year

$

 

15,155

 

 

$

 

14,730

 

 

$

 

14,466

 

Expenses

 

 

49,532

 

 

 

 

54,748

 

 

 

 

49,560

 

Claim payments, net of employee contributions

 

 

(50,396

)

 

 

 

(54,323

)

 

 

 

(49,296

)

Balance at end of year

$

 

14,291

 

 

$

 

15,155

 

 

$

 

14,730

 
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:

(In thousands, except per share amounts)

2018

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from continuing operations

$

 

33,791

 

 

$

 

(52,617

)

 

$

 

57,056

 

Adjustment for (earnings) loss attributable to participating securities

 

 

(746

)

 

 

 

908

 

 

 

 

(1,011

)

Earnings (loss) from continuing operations used in calculating earnings per share

$

 

33,045

 

 

$

 

(51,709

)

 

$

 

56,045

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating securities

 

 

36,012

 

 

 

 

37,419

 

 

 

 

37,483

 

Adjustment for participating securities

 

 

(795

)

 

 

 

(646

)

 

 

 

(664

)

Shares used in calculating basic earnings per share

 

 

35,217

 

 

 

 

36,773

 

 

 

 

36,819

 

Effect of dilutive stock options

 

 

10

 

 

 

 

—

 

 

 

 

73

 

Shares used in calculating diluted earnings per share

 

 

35,227

 

 

 

 

36,773

 

 

 

 

36,892

 

Basic earnings (loss) per share from continuing operations

$

 

0.94

 

 

$

 

(1.41

)

 

$

 

1.52

 

Diluted earnings (loss) per share from continuing operations

$

 

0.94

 

 

$

 

(1.41

)

 

$

 

1.52

 

 
Schedule of Adoption of Guidance Using Retrospective Method Resulted in Decreased Net Sales and Cost of Sales The adoption of the guidance using the full retrospective method resulted in decreases to fiscal 2017 and 2016 net sales and cost of sales previously reported as shown in the following table:

 

Full Year

 

 

4th Quarter

 

 

3rd Quarter

 

 

2nd Quarter

 

 

1st Quarter

 

(In thousands)

(52 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(16 Weeks)

 

2017

$

 

164,283

 

 

$

 

38,725

 

 

$

 

38,246

 

 

$

 

38,510

 

 

$

 

48,802

 

2016

$

 

173,516

 

 

$

 

43,168

 

 

$

 

42,382

 

 

$

 

38,594

 

 

$

 

49,372