Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.1
Earnings Per Share
4 Months Ended
Apr. 21, 2019
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):
 
Sixteen Weeks Ended
 
April 21, 2019
 
April 22, 2018
Basic weighted average shares outstanding
12,967

 
12,960

Dilutive effect of stock options and awards
74

 
105

Diluted weighted average shares outstanding
13,041

 
13,065

 
 
 
 
Awards excluded due to anti-dilutive effect on diluted earnings per share
487

 
279