Earnings Per Share

6 Months Ended

Jul. 01, 2023

Earnings Per Share [Abstract]

Earnings Per Share

16. Earnings Per Share

The computations of basic and diluted net earnings per share for the second quarter and first six months of 2023 and 2022 are as follows (in thousands, except per share amounts):
 

	Three Months (13 Weeks) Ended						Six Months (26 Weeks) Ended
	July 1, 2023			July 2, 2022			July 1, 2023			July 2, 2022
Basic net earnings per share:
Basic net earnings	$	1,461,354		$	2,561,233		$	2,597,896		$	4,656,856
Earnings allocated to participating securities		(6,029	)		(11,041	)		(9,251	)		(19,380	)
Net earnings available to common    stockholders	$	1,455,325		$	2,550,192		$	2,588,645		$	4,637,476
Basic average shares outstanding		250,144			263,221			251,876			267,416
Basic net earnings per share	$	5.82		$	9.69		$	10.28		$	17.34
Diluted net earnings per share:
Diluted net earnings	$	1,461,354		$	2,561,233		$	2,597,896		$	4,656,856
Earnings allocated to participating securities		(6,013	)		(10,997	)		(9,223	)		(19,302	)
Net earnings available to common    stockholders	$	1,455,341		$	2,550,236		$	2,588,673		$	4,637,554
Diluted average shares outstanding:
Basic average shares outstanding		250,144			263,221			251,876			267,416
Dilutive effect of stock options and other		380			498			458			650
		250,524			263,719			252,334			268,066
Diluted net earnings per share	$	5.81		$	9.67		$	10.26		$	17.30

The number of shares that were not included in the diluted net earnings per share calculation, because to do so would have been anti-dilutive, was immaterial for all periods presented.