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 12, 2025 and July 13, 2024 (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 12, 2025 |
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July 13, 2024 |
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July 12, 2025 |
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July 13, 2024 |
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Net income |
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$ |
58,365 |
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$ |
66,967 |
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$ |
111,363 |
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$ |
140,010 |
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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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211,386 |
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211,356 |
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211,276 |
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211,196 |
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Basic earnings per common share |
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$ |
0.28 |
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$ |
0.32 |
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$ |
0.53 |
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$ |
0.66 |
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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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211,386 |
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211,356 |
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211,276 |
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211,196 |
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Add: Shares of common stock assumed issued upon
vesting of restricted stock |
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605 |
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959 |
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808 |
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1,003 |
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Diluted weighted average shares outstanding for common stock |
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211,991 |
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212,315 |
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212,084 |
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212,199 |
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Diluted earnings per common share |
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$ |
0.28 |
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$ |
0.32 |
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$ |
0.53 |
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$ |
0.66 |
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