Earnings Per Share

6 Months Ended

Jul. 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						Six Months (26 Weeks) Ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Basic net earnings per share:
Basic net earnings	$	233,772		$	124,755		$	304,526		$	192,555
Earnings allocated to participating securities		(818	)		(411	)		(1,000	)		(762	)
Net earnings available to common stockholders	$	232,954		$	124,344		$	303,526		$	191,793
Average shares outstanding		319,360			320,506			319,299			320,409
Basic net earnings per share	$	0.73		$	0.39		$	0.95		$	0.60
Diluted net earnings per share:
Diluted net earnings	$	233,772		$	124,755		$	304,526		$	192,555
Earnings allocated to participating securities		(818	)		(411	)		(1,000	)		(762	)
Net earnings available to common stockholders	$	232,954		$	124,344		$	303,526		$	191,793
Diluted average shares outstanding:
Basic shares outstanding		319,360			320,506			319,299			320,409
Dilutive effect of stock options and other		218			202			136			185
		319,578			320,708			319,435			320,594
Diluted net earnings per share	$	0.73		$	0.39		$	0.95		$	0.60

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 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Anti-dilutive stock options:
Weighted-average shares		1,334		455		1,874		455
Weighted-average exercise price	$	49.40	$	50.63	$	47.04	$	50.63