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 18, 2026 and July 12, 2025 (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 18, 2026 |
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July 12, 2025 |
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July 18, 2026 |
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July 12, 2025 |
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Net income |
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$ |
40,656 |
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$ |
58,365 |
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$ |
82,711 |
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$ |
111,363 |
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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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212,132 |
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211,386 |
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211,982 |
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211,276 |
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Basic earnings per common share |
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$ |
0.19 |
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$ |
0.28 |
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$ |
0.39 |
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$ |
0.53 |
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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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212,132 |
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211,386 |
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211,982 |
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211,276 |
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Add: Shares of common stock assumed issued upon
vesting of restricted stock |
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361 |
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605 |
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563 |
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808 |
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Diluted weighted average shares outstanding for common stock |
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212,493 |
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211,991 |
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212,545 |
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212,084 |
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Diluted earnings per common share |
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$ |
0.19 |
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$ |
0.28 |
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$ |
0.39 |
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$ |
0.53 |
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