v3.26.1
EARNINGS PER SHARE
6 Months Ended
Jul. 12, 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:
Twelve Weeks EndedTwenty-Eight Weeks Ended
(in thousands, except per share amounts)July 12,
2026
July 13,
2025
July 12,
2026
July 13,
2025
Net income$23,017 $18,368 $46,583 $44,075 
Weighted-average shares outstanding:
Basic116,603 115,783 116,453 115,635 
Dilutive awards1,776 2,551 1,890 2,757 
Diluted118,379 118,334118,343 118,392
Earnings per share:
Basic$0.20 $0.16 $0.40 $0.38 
Diluted$0.19 $0.16 $0.39 $0.37 
The following equity awards, presented on a weighted-average outstanding basis, were excluded from the calculation of diluted earnings per share:
Twelve Weeks EndedTwenty-Eight Weeks Ended
(in thousands)July 12,
2026
July 13,
2025
July 12,
2026
July 13,
2025
Antidilutive stock options82 106 88 73 
Antidilutive RSUs77 128 82 90 
Stock awards subject to performance conditions73 — 52 — 
Total common stock equivalents232 234 222 163