| 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): |
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Three Months (13 Weeks)
Ended |
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Nine Months (39 Weeks) Ended |
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October 1, 2016 |
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October 3, 2015 |
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October 1, 2016 |
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October 3, 2015 |
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Basic net earnings per share:
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Basic net earnings
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$ |
270,036 |
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$ |
227,126 |
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|
$ |
574,562 |
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$ |
419,681 |
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Earnings allocated to participating securities
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|
(914 |
) |
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|
(737 |
) |
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|
(1,907 |
) |
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|
(1,498 |
) |
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Net earnings available to common stockholders
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$ |
269,122 |
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$ |
226,389 |
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$ |
572,655 |
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$ |
418,183 |
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Average shares outstanding
|
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|
319,737 |
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|
320,819 |
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|
319,444 |
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|
320,544 |
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Basic net earnings per share
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$ |
0.84 |
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$ |
0.71 |
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|
$ |
1.79 |
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$ |
1.30 |
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Diluted net earnings per share:
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Diluted net earnings
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$ |
270,036 |
|
|
$ |
227,126 |
|
|
$ |
574,562 |
|
|
$ |
419,681 |
|
|
Earnings allocated to participating securities
|
|
|
(914 |
) |
|
|
(737 |
) |
|
|
(1,907 |
) |
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|
(1,499 |
) |
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Net earnings available to common stockholders
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$ |
269,122 |
|
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$ |
226,389 |
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$ |
572,655 |
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$ |
418,182 |
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Diluted average shares outstanding:
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Basic shares outstanding
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|
319,737 |
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|
320,819 |
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|
319,444 |
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|
320,544 |
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Dilutive effect of stock options and other
|
|
|
291 |
|
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|
81 |
|
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|
188 |
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|
151 |
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|
320,028 |
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|
320,900 |
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|
319,632 |
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|
320,695 |
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Diluted net earnings per share
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$ |
0.84 |
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$ |
0.71 |
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$ |
1.79 |
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$ |
1.30 |
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| 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):
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| |
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Three Months (13 Weeks)
Ended |
|
|
Nine Months (39 Weeks) Ended |
|
| |
|
October 1, 2016 |
|
|
October 3, 2015 |
|
|
October 1, 2016 |
|
|
October 3, 2015 |
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Anti-dilutive stock options:
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Weighted-average shares
|
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|
— |
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|
1,641 |
|
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|
1,254 |
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|
846 |
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Weighted-average exercise price
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$ |
— |
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$ |
47.45 |
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$ |
47.04 |
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$ |
48.58 |
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