Earnings Per Share

9 Months Ended

Oct. 03, 2015

Earnings Per Share [Abstract]

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						Nine Months (39 Weeks) Ended
	October 3, 2015			October 4, 2014			October 3, 2015			October 4, 2014
Basic net earnings per share:
Basic net earnings	$	227,126		$	245,447		$	419,681		$	503,519
Earnings allocated to participating securities		(737	)		(781	)		(1,498	)		(1,659	)
Net earnings available to common stockholders	$	226,389		$	244,666		$	418,183		$	501,860
Average shares outstanding		320,819			320,023			320,544			319,737
Basic net earnings per share	$	0.71		$	0.76		$	1.30		$	1.57
Diluted net earnings per share:
Diluted net earnings	$	227,126		$	245,447		$	419,681		$	503,519
Earnings allocated to participating securities		(737	)		(781	)		(1,499	)		(1,659	)
Net earnings available to common stockholders	$	226,389		$	244,666		$	418,182		$	501,860
Diluted average shares outstanding:
Basic shares outstanding		320,819			320,023			320,544			319,737
Dilutive effect of stock options and other		81			314			151			288
		320,900			320,337			320,695			320,025
Diluted net earnings per share	$	0.71		$	0.76		$	1.30		$	1.57

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				Nine Months (39 Weeks) Ended
	October 3, 2015		October 4, 2014		October 3, 2015		October 4, 2014
Anti-dilutive stock options:
Weighted average shares		1,641		—		846		—
Weighted average exercise price	$	47.45	$	—	$	48.58	$	—