Advance Auto Parts 2012 Annual Report Download - page 71

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F-26
The following table illustrates the computation of basic and diluted earnings per share for Fiscal 2012, 2011 and 2010,
respectively:
December 29,
2012
December 31,
2011
January 1,
2011
Numerator
Net income applicable to common shares $ 387,670 $ 394,682 $ 346,053
Participating securities' share in earnings (870)(1,055)(1,552)
Net income applicable to common shares $ 386,800 $ 393,627 $ 344,501
Denominator
Basic weighted average common shares 73,091 75,620 86,082
Dilutive impact of share-based awards 971 1,451 1,073
Diluted weighted average common shares 74,062 77,071 87,155
Basic earnings per common share
Net income applicable to common stockholders $ 5.29 $ 5.21 $ 4.00
Diluted earnings per common share
Net income applicable to common stockholders $ 5.22 $ 5.11 $ 3.95
14. Income Taxes:
Provision for Income Taxes
Provision for income taxes for Fiscal 2012, 2011 and 2010 consists of the following:
Current Deferred Total
2012
Federal $ 185,564 $ 21,940 $ 207,504
State 20,116 4,953 25,069
Foreign 3,831 — 3,831
$ 209,511 $ 26,893 $ 236,404
2011
Federal $ 162,020 $ 47,436 $ 209,456
State 22,626 5,601 28,227
Foreign 871 — 871
$ 185,517 $ 53,037 $ 238,554
2010
Federal $ 150,938 $ 34,553 $ 185,491
State 18,860 5,950 24,810
Foreign 701 — 701
$ 170,499 $ 40,503 $ 211,002
ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 29, 2012, December 31, 2011 and January 1, 2011
(in thousands, except per share data)