Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
6 Months Ended
Jul. 09, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic earnings per share amounts are calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share amounts are calculated based upon the weighted-average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period. Potentially dilutive shares are excluded from the computation in periods in which they have an anti-dilutive effect. Diluted earnings per share reflect the potential dilution that could occur if holders of options exercised their options into common stock.
The Company uses the treasury stock method to calculate the effect of outstanding stock options. Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):
 
Twelve Weeks Ended
 
Twenty-eight Weeks Ended
 
July 9, 2017
 
July 10, 2016
 
July 9, 2017
 
July 10, 2016
Basic weighted average shares outstanding
12,896

 
13,511

 
12,872

 
13,582

Dilutive effect of stock options and awards
112

 
133

 
99

 
142

Diluted weighted average shares outstanding
13,008

 
13,644

 
12,971

 
13,724

 
 
 
 
 
 
 
 
Awards excluded due to anti-dilutive effect on diluted earnings per share
169

 
248

 
317

 
214