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Summary of Significant Accounting Policies and Basis of Presentation (Tables)
 12 Months Ended
Jan. 01, 2022
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)

2021

 

 

2020

 

 

2019

 

Balance at beginning of year

$

 

16,737

 

 

$

 

16,780

 

 

$

 

14,291

 

Expenses

 

 

72,101

 

 

 

 

62,999

 

 

 

 

69,253

 

Acquisitions

 

 

—

 

 

 

 

—

 

 

 

 

1,894

 

Claim payments, net of employee contributions

 

 

(69,393

)

 

 

 

(63,042

)

 

 

 

(68,658

)

Balance at end of year

$

 

19,445

 

 

$

 

16,737

 

 

$

 

16,780

 
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:

 

2021

 

 

2020

 

 

2019

 

(In thousands, except per share amounts)

(52 Weeks)

 

 

(53 Weeks)

 

 

(52 Weeks)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

$

 

73,751

 

 

$

 

75,914

 

 

$

 

5,917

 

Adjustment for earnings attributable to participating securities

 

 

(1,399

)

 

 

 

(1,871

)

 

 

 

(149

)

Earnings from continuing operations used in calculating earnings per share

$

 

72,352

 

 

$

 

74,043

 

 

$

 

5,768

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating securities

 

 

35,639

 

 

 

 

35,861

 

 

 

 

36,271

 

Adjustment for participating securities

 

 

(676

)

 

 

 

(884

)

 

 

 

(912

)

Shares used in calculating basic earnings per share

 

 

34,963

 

 

 

 

34,977

 

 

 

 

35,359

 

Effect of dilutive restricted stock awards

 

 

79

 

 

 

 

1

 

 

 

 

—

 

Effect of dilutive warrants

 

 

225

 

 

 

 

—

 

 

 

 

—

 

Shares used in calculating diluted earnings per share

 

 

35,267

 

 

 

 

34,978

 

 

 

 

35,359

 

Basic earnings per share from continuing operations

$

 

2.07

 

 

$

 

2.12

 

 

$

 

0.16

 

Diluted earnings per share from continuing operations

$

 

2.05

 

 

$

 

2.12

 

 

$

 

0.16