Earnings Per Share

3 Months Ended

Mar. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

16. Earnings Per Share

The computations of basic and diluted net earnings per share for the first quarter of 2024 and 2023 are as follows (in thousands, except per share data):
 

	Three Months (13 Weeks) Ended
	March 30, 2024			April 1, 2023
Basic net earnings per share:
Basic net earnings	$	844,841		$	1,136,542
Earnings allocated to participating securities		(3,221	)		(3,413	)
Net earnings available to common stockholders	$	841,620		$	1,133,129
Basic average shares outstanding		243,098			253,608
Basic net earnings per share	$	3.46		$	4.47
Diluted net earnings per share:
Diluted net earnings	$	844,841		$	1,136,542
Earnings allocated to participating securities		(3,213	)		(3,392	)
Net earnings available to common stockholders	$	841,628		$	1,133,150
Diluted average shares outstanding:
Basic average shares outstanding		243,098			253,608
Dilutive effect of stock options and other		399			789
		243,497			254,397
Diluted net earnings per share	$	3.46		$	4.45

There were no shares excluded from the computation of diluted earnings per common share because their effect would have been antidilutive in either the first quarter of 2024 or the first quarter of 2023.