Earnings Per Share

4 Months Ended

Apr. 19, 2025

Note 13 – Earnings Per Share

Outstanding nonvested restricted stock awards granted to retirement-eligible Associates 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. The dilutive impact of the restricted stock awards, restricted stock units, and warrants are presented below, as applicable. Weighted average restricted stock awards that were not included in the EPS calculations because they were anti-dilutive were 146,335 and 218,045 for the 16- weeks ended April 19, 2025 and April 20, 2024, respectively. The performance share units are not currently dilutive. The following table sets forth the computation of basic and diluted net earnings per share:


	16 Weeks Ended
(In thousands, except per share amounts)	April 19, 2025			April 20, 2024
Numerator:
Net earnings	$	2,080		$	12,971
Adjustment for earnings attributable to participating securities		(11	)		(82	)
Net earnings used in calculating earnings per share	$	2,069		$	12,889
Denominator:
Weighted average shares outstanding, including participating securities		33,727			34,139
Adjustment for participating securities		(177	)		(216	)
Shares used in calculating basic earnings per share		33,550			33,923
Effect of dilutive stock warrant		189			364
Effect of dilutive stock-based employee compensation		166			89
Shares used in calculating diluted earnings per share		33,905			34,376
Basic earnings per share	$	0.06		$	0.38
Diluted earnings per share	$	0.06		$	0.37