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Earnings Per Share
6 Months Ended
Jul. 02, 2011
Earnings Per Share  
Earnings Per Share
17. EARNINGS PER SHARE: The computations of basic and diluted net earnings per share are as follows (in thousands, except per share amounts):

 

     Three Months (13 Weeks) Ended     Six Months (26 Weeks) Ended  
     July 2, 2011     July 3, 2010     July 2, 2011     July 3, 2010  

Basic net earnings per share:

        

Basic net earnings

   $  299,773      $ 90,992      $  459,614      $  121,956   

Earnings allocated to participating securities

     (1,048     (449     (1,647     (956
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings available to common stockholders

   $ 298,725      $ 90,543      $ 457,967      $ 121,000   
  

 

 

   

 

 

   

 

 

   

 

 

 

Average shares outstanding

     316,811        315,849        316,702        315,653   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic net earnings per share

   $ 0.94      $ 0.29      $ 1.45      $ 0.38   

Diluted net earnings per share:

        

Diluted net earnings

   $ 299,773      $ 90,992      $ 459,614      $ 121,956   

Earnings allocated to participating securities

     (1,048     (449     (1,647     (956
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings available to common stockholders

   $ 298,725      $ 90,543      $ 457,967      $ 121,000   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted average shares outstanding:

        

Basic shares outstanding

     316,811        315,849        316,702        315,653   

Dilutive effect of stock options and other

     211        623        246        696   
  

 

 

   

 

 

   

 

 

   

 

 

 
     317,022        316,472        316,948        316,349   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net earnings per share

   $ 0.94      $ 0.29      $ 1.44      $ 0.38   

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