Earnings per Share

3 Months Ended

Mar. 25, 2016

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Thirteen Weeks Ended
	March 25, 2016		March 27, 2015
Net earnings available to common shareholders	$	39,552	$	68,841
Weighted average shares outstanding for basic earnings per share	55,394		58,981
Dilutive effect of stock options computed using the treasury stock method and the average market price	1,315		1,484
Weighted average shares outstanding for diluted earnings per share	56,709		60,465
Basic earnings per share	$	0.71	$	1.17
Diluted earnings per share	$	0.70	$	1.14

Stock options to purchase 1,909,000 and 1,186,000 shares were not included in the March 25, 2016 and March 27, 2015 computations of diluted earnings per share, respectively, because they would have been anti-dilutive.