Earnings Per Share

6 Months Ended

Jun. 29, 2013

Earnings Per Share

19. 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 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
Basic net earnings per share:
Basic net earnings	$	85,145		$	112,299		$	169,934		$	257,403
Earnings allocated to participating securities		(419	)		(422	)		(805	)		(830	)
Net earnings available to common stockholders	$	84,726		$	111,877		$	169,129		$	256,573
Average shares outstanding		318,903			317,975			318,796			317,832
Basic net earnings per share	$	0.27		$	0.35		$	0.53		$	0.81
Diluted net earnings per share:
Diluted net earnings	$	85,145		$	112,299		$	169,934		$	257,403
Earnings allocated to participating securities		(419	)		(422	)		(805	)		(830	)
Net earnings available to common stockholders	$	84,726		$	111,877		$	169,129		$	256,573
Diluted average shares outstanding:
Basic shares outstanding		318,903			317,975			318,796			317,832
Dilutive effect of stock options and other		120			65			138			78
		319,023			318,040			318,934			317,910
Diluted net earnings per share	$	0.27		$	0.35		$	0.53		$	0.81

The following stock options were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive (in thousands, except per share amounts):

	Three Months (13 Weeks) Ended				Six Months (26 Weeks) Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Anti-dilutive stock options:
Weighted average shares		546		801		276		401
Weighted average exercise price	$	44.51	$	42.07	$	44.51	$	42.07