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Earnings Per Share | 9 Months Ended
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Oct. 08, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Note 11 – Earnings Per Share Outstanding nonvested restricted stock awards under the 2015 Stock Incentive Plan contain nonforfeitable rights to dividends or dividend equivalents, which participate in undistributed earnings with common stock. These awards are classified as participating securities and are included in the calculation of basic earnings per share. Awards under the 2020 Stock Incentive Plan do not contain nonforfeitable rights to dividends or dividend equivalents and are therefore not classified as participating securities. The dilutive impact of both the restricted stock awards and warrants are presented below, as applicable. The following table sets forth the computation of basic and diluted net earnings per share:
| 12 Weeks Ended |  |  | 40 Weeks Ended |
(In thousands, except per share amounts) | October 8, 2022 |  |  | October 9, 2021 |  |  | October 8, 2022 |  |  | October 9, 2021 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings | $ |  | 9,464 |  |  | $ |  | 15,176 |  |  | $ |  | 33,868 |  |  | $ |  | 51,506 |
Adjustment for earnings attributable to participating securities |  |  | (100 | ) |  |  |  | (264 | ) |  |  |  | (406 | ) |  |  |  | (999 | )
Net earnings used in calculating earnings per share | $ |  | 9,364 |  |  | $ |  | 14,912 |  |  | $ |  | 33,462 |  |  | $ |  | 50,507 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding, including participating securities |  |  | 35,160 |  |  |  |  | 35,525 |  |  |  |  | 35,444 |  |  |  |  | 35,671 |
Adjustment for participating securities |  |  | (370 | ) |  |  |  | (618 | ) |  |  |  | (425 | ) |  |  |  | (692 | )
Shares used in calculating basic earnings per share |  |  | 34,790 |  |  |  |  | 34,907 |  |  |  |  | 35,019 |  |  |  |  | 34,979 |
Effect of dilutive stock warrant |  |  | 792 |  |  |  |  | 197 |  |  |  |  | 784 |  |  |  |  | 146 |
Effect of dilutive restricted stock awards |  |  | 193 |  |  |  |  | 94 |  |  |  |  | 170 |  |  |  |  | 54 |
Shares used in calculating diluted earnings per share |  |  | 35,775 |  |  |  |  | 35,198 |  |  |  |  | 35,973 |  |  |  |  | 35,179 |
Basic earnings per share | $ |  | 0.27 |  |  | $ |  | 0.43 |  |  | $ |  | 0.96 |  |  | $ |  | 1.44 |
Diluted earnings per share | $ |  | 0.26 |  |  | $ |  | 0.42 |  |  | $ |  | 0.93 |  |  | $ |  | 1.44 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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