The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for the twelve and twenty-eight weeks ended July 13, 2024 and July 15, 2023, respectively (amounts and shares in thousands, except per share data):
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For the Twelve Weeks Ended |
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For the Twenty-Eight Weeks Ended |
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July 13, 2024 |
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July 15, 2023 |
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July 13, 2024 |
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July 15, 2023 |
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Net income |
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$ |
66,967 |
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$ |
63,760 |
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$ |
140,010 |
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$ |
134,470 |
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Basic Earnings Per Common Share: |
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Basic weighted average shares outstanding for common stock |
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211,356 |
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212,031 |
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211,196 |
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211,881 |
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Basic earnings per common share |
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$ |
0.32 |
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$ |
0.30 |
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$ |
0.66 |
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$ |
0.63 |
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Diluted Earnings Per Common Share: |
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Basic weighted average shares outstanding for common stock |
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211,356 |
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212,031 |
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211,196 |
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211,881 |
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Add: Shares of common stock assumed issued upon exercise of
stock options and vesting of restricted stock |
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959 |
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978 |
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1,003 |
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1,657 |
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Diluted weighted average shares outstanding for common stock |
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212,315 |
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213,009 |
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212,199 |
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213,538 |
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Diluted earnings per common share |
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$ |
0.32 |
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$ |
0.30 |
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$ |
0.66 |
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$ |
0.63 |
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