Advance Auto Parts 2013 Annual Report Download - page 79

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 28, 2013, December 29, 2012 and December 31, 2011
(in thousands, except per share data)
F-27
The following table illustrates the computation of basic and diluted earnings per share for Fiscal 2013, 2012 and 2011,
respectively:
December 28,
2013
December 29,
2012
December 31,
2011
Numerator
Net income applicable to common shares $ 391,758 $ 387,670 $ 394,682
Participating securities’ share in earnings (895)(870)(1,055)
Net income applicable to common shares $ 390,863 $ 386,800 $ 393,627
Denominator
Basic weighted average common shares 72,930 73,091 75,620
Dilutive impact of share-based awards 484 971 1,451
Diluted weighted average common shares 73,414 74,062 77,071
Basic earnings per common share
Net income applicable to common stockholders $ 5.36 $ 5.29 $ 5.21
Diluted earnings per common share
Net income applicable to common stockholders $ 5.32 $ 5.22 $ 5.11
15. Income Taxes:
Provision for Income Taxes
Provision for income taxes for Fiscal 2013, 2012 and 2011 consists of the following:
Current Deferred Total
2013
Federal $ 202,784 $ (1,898) $ 200,886
State 25,287 (339) 24,948
Foreign 8,806 — 8,806
$ 236,877 $ (2,237) $ 234,640
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