v3.26.1
EARNINGS PER SHARE
4 Months Ended
Apr. 19, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share is calculated by dividing net income by the weighted average shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of outstanding equity awards for the period using the treasury-stock method.
The following table sets forth the computation of earnings per common share:
Sixteen Weeks Ended
(in thousands, except per share amounts)April 19,
2026
April 20,
2025
Net income$23,566 $25,707 
Weighted-average shares outstanding:
Basic116,341 115,525 
Dilutive awards1,975 2,912 
Diluted118,316 118,437
Earnings per share:
Basic$0.20 $0.22 
Diluted$0.20 $0.22 
The following equity awards were excluded from the calculation of diluted earnings per share:
Sixteen Weeks Ended
(in thousands)April 19,
2026
April 20,
2025
Antidilutive stock options93 49 
Antidilutive RSUs86 61 
Stock awards subject to performance conditions36 — 
Total common stock equivalents215 110 
Equity awards excluded from the calculation of diluted earnings per share are presented using their weighted-average number of awards outstanding during the period.