Earnings Per Share

9 Months Ended

Sep. 28, 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						Nine Months (39 Weeks) Ended
	Sept. 28, 2013			Sept. 29, 2012			Sept. 28, 2013			Sept. 29, 2012
Basic net earnings per share:
Basic net earnings	$	147,597		$	110,308		$	317,531		$	367,711
Earnings allocated to participating securities		(518	)		(412	)		(1,324	)		(1,242	)
Net earnings available to common stockholders	$	147,079		$	109,896		$	316,207		$	366,469
Average shares outstanding		319,341			318,463			318,979			318,042
Basic net earnings per share	$	0.46		$	0.35		$	0.99		$	1.15
Diluted net earnings per share:
Diluted net earnings	$	147,597		$	110,308		$	317,531		$	367,711
Earnings allocated to participating securities		(518	)		(412	)		(1,324	)		(1,242	)
Net earnings available to common stockholders	$	147,079		$	109,896		$	316,207		$	366,469
Diluted average shares outstanding:
Basic shares outstanding		319,341			318,463			318,979			318,042
Dilutive effect of stock options and other		185			57			153			71
		319,526			318,520			319,132			318,113
Diluted net earnings per share	$	0.46		$	0.35		$	0.99		$	1.15

The following stock options were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive:

	Three Months (13 Weeks) Ended				Nine Months (39 Weeks) Ended
	Sept. 28, 2013		Sept. 29, 2012		Sept. 28, 2013		Sept. 29, 2012
Anti-dilutive stock options:
Weighted average shares		—		801		183		534
Weighted average exercise price	$	—	$	42.07	$	44.51	$	42.07