Earnings Per Share

3 Months Ended

Apr. 01, 2017

Earnings Per Share [Abstract]

Earnings Per Share

19. 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 1, 2017			April 2, 2016
Basic net earnings per share:
Basic net earnings	$	356,899		$	87,565
Earnings allocated to participating securities		(1,192	)		(369	)
Net earnings available to common stockholders	$	355,707		$	87,196
Average shares outstanding		320,224			319,240
Basic net earnings per share	$	1.11		$	0.27
Diluted net earnings per share:
Diluted net earnings	$	356,899		$	87,565
Earnings allocated to participating securities		(1,188	)		(369	)
Net earnings available to common stockholders	$	355,711		$	87,196
Diluted average shares outstanding:
Basic shares outstanding		320,224			319,240
Dilutive effect of stock options and other		922			54
		321,146			319,294
Diluted net earnings per share	$	1.11		$	0.27

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 1, 2017		April 2, 2016
Anti-dilutive stock options:
Weighted average shares		—		2,403
Weighted average exercise price	$	—	$	45.73