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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2012
EARNINGS PER SHARE
18. 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  
     June 30, 2012     July 2, 2011     June 30, 2012     July 2, 2011  

Basic net earnings per share:

         

Basic net earnings

    $ 112,299      $ 299,773      $ 257,403      $ 459,614   

Earnings allocated to participating securities

      (422 )      (1,048 )      (830 )      (1,647 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net earnings available to common stockholders

    $ 111,877      $ 298,725      $ 256,573      $ 457,967   
  

 

 

    

 

 

    

 

 

    

 

 

  

Average shares outstanding

      317,975        316,811        317,832        316,702   
  

 

 

    

 

 

    

 

 

    

 

 

  

Basic net earnings per share

    $ 0.35      $ 0.94      $ 0.81      $ 1.45   
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted net earnings per share:

         

Diluted net earnings

    $ 112,299      $ 299,773      $ 257,403      $ 459,614   

Earnings allocated to participating securities

      (422 )      (1,048 )      (830 )      (1,647 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net earnings available to common stockholders

    $ 111,877      $ 298,725      $ 256,573      $ 457,967   
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted average shares outstanding:

         

Basic shares outstanding

      317,975        316,811        317,832        316,702   

Dilutive effect of stock options and other

      65        211        78        246   
  

 

 

    

 

 

    

 

 

    

 

 

  
     318,040        317,022        317,910        316,948   
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted net earnings per share

    $ 0.35      $ 0.94      $ 0.81      $ 1.44   
  

 

 

    

 

 

    

 

 

    

 

 

  

Stock options to purchase 0.8 million shares of common stock were excluded from the computation of diluted earnings per common share for the three month period ended June 30, 2012 because their effect would have been anti-dilutive. For the six month period ended June 30, 2012, stock options to purchase 0.4 million shares of common stock on a weighted average basis were also excluded from the computation. No shares were excluded for the comparable 2011 periods.