Earnings And Dividends Per Share

3 Months Ended

Apr. 01, 2012

Earnings And Dividends Per Share [Abstract]

C. EARNINGS AND DIVIDENDS PER SHARE

Earnings per Share. We compute basic earnings per share using net earnings for the period and the weighted average number of common shares outstanding during the period. Diluted earnings per share incorporates the additional shares issuable upon the assumed exercise of stock options and the release of restricted shares. Basic and diluted weighted average shares outstanding were as follows (in thousands):


Three Months Ended	April 3, 2011		April 1, 2012
Basic weighted average shares outstanding		372,680		356,987
Dilutive effect of stock options and restricted stock		3,683		2,373

Diluted weighted average shares outstanding		376,363		359,360

Dividends. Dividends declared per share were $0.47 and $0.51 and cash dividends paid were $157 and $169 for the three-month periods ended April 3, 2011, and April 1, 2012, respectively.