Earnings Per Share

3 Months Ended

Apr. 02, 2016

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
	April 2, 2016			April 4, 2015
Basic net earnings per share:
Basic net earnings	$	70,754		$	67,800
Earnings allocated to participating securities		(369	)		(350	)
Net earnings available to common stockholders	$	70,385		$	67,450
Average shares outstanding		319,240			320,315
Basic net earnings per share	$	0.22		$	0.21
Diluted net earnings per share:
Diluted net earnings	$	70,754		$	67,800
Earnings allocated to participating securities		(369	)		(350	)
Net earnings available to common stockholders	$	70,385		$	67,450
Diluted average shares outstanding:
Basic shares outstanding		319,240			320,315
Dilutive effect of stock options and other		54			168
		319,294			320,483
Diluted net earnings per share	$	0.22		$	0.21

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

	Three Months (13 Weeks) Ended
	April 2, 2016		April 4, 2015
Anti-dilutive stock options:
Weighted average shares		2,403		455
Weighted average exercise price	$	45.73	$	50.63