Earnings Per Share

3 Months Ended

Mar. 30, 2013

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
	March 30, 2013			March 31, 2012
Basic net earnings per share:
Basic net earnings	$	84,789		$	145,104
Earnings allocated to participating securities		(386	)		(409	)
Net earnings available to common stockholders	$	84,403		$	144,695
Average shares outstanding		318,686			317,689
Basic net earnings per share	$	0.26		$	0.46
Diluted net earnings per share:
Diluted net earnings	$	84,789		$	145,104
Earnings allocated to participating securities		(386	)		(409	)
Net earnings available to common stockholders	$	84,403		$	144,695
Diluted average shares outstanding:
Basic shares outstanding		318,686			317,689
Dilutive effect of stock options and other		156			90
		318,842			317,779
Diluted net earnings per share	$	0.26		$	0.46

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 2013 or the first quarter of 2012.