Earnings Per Share

9 Months Ended

Oct. 01, 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						Nine Months (39 Weeks) Ended
	October 1, 2016			October 3, 2015			October 1, 2016			October 3, 2015
Basic net earnings per share:
Basic net earnings	$	270,036		$	227,126		$	574,562		$	419,681
Earnings allocated to participating securities		(914	)		(737	)		(1,907	)		(1,498	)
Net earnings available to common stockholders	$	269,122		$	226,389		$	572,655		$	418,183
Average shares outstanding		319,737			320,819			319,444			320,544
Basic net earnings per share	$	0.84		$	0.71		$	1.79		$	1.30
Diluted net earnings per share:
Diluted net earnings	$	270,036		$	227,126		$	574,562		$	419,681
Earnings allocated to participating securities		(914	)		(737	)		(1,907	)		(1,499	)
Net earnings available to common stockholders	$	269,122		$	226,389		$	572,655		$	418,182
Diluted average shares outstanding:
Basic shares outstanding		319,737			320,819			319,444			320,544
Dilutive effect of stock options and other		291			81			188			151
		320,028			320,900			319,632			320,695
Diluted net earnings per share	$	0.84		$	0.71		$	1.79		$	1.30

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 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Anti-dilutive stock options:
Weighted-average shares		—		1,641		1,254		846
Weighted-average exercise price	$	—	$	47.45	$	47.04	$	48.58