Earnings Per Share (Tables)

6 Months Ended

Jul. 04, 2015

Earnings Per Share [Abstract]

Computations of Basic and Diluted Net 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 4, 2015			July 5, 2014			July 4, 2015			July 5, 2014
Basic net earnings per share:
Basic net earnings	$	124,755		$	147,041		$	192,555		$	258,072
Earnings allocated to participating securities		(411	)		(487	)		(762	)		(878	)
Net earnings available to common stockholders	$	124,344		$	146,554		$	191,793		$	257,194
Average shares outstanding		320,506			319,693			320,409			319,597
Basic net earnings per share	$	0.39		$	0.46		$	0.60		$	0.80
Diluted net earnings per share:
Diluted net earnings	$	124,755		$	147,041		$	192,555		$	258,072
Earnings allocated to participating securities		(411	)		(487	)		(762	)		(878	)
Net earnings available to common stockholders	$	124,344		$	146,554		$	191,793		$	257,194
Diluted average shares outstanding:
Basic shares outstanding		320,506			319,693			320,409			319,597
Dilutive effect of stock options and other		202			288			185			275
		320,708			319,981			320,594			319,872
Diluted net earnings per share	$	0.39		$	0.46		$	0.60		$	0.80

Anti-Dilutive Stock Options

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
	July 4, 2015		July 5, 2014		July 4, 2015		July 5, 2014
Anti-dilutive stock options:
Weighted average shares		455		—		455		—
Weighted average exercise price	$	50.63	$	—	$	50.63	$	—