Earnings Per Share (Tables)

3 Months Ended

Apr. 01, 2017

Earnings Per Share [Abstract]

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):

	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

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 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