Earnings Per Share

6 Months Ended

Jul. 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						Six Months (26 Weeks) Ended
	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Basic net earnings per share:
Basic net earnings	$	323,048		$	243,620		$	679,947		$	331,185
Earnings allocated to participating securities		(1,138	)		(852	)		(2,333	)		(1,089	)
Net earnings available to common stockholders	$	321,910		$	242,768		$	677,614		$	330,096
Average shares outstanding		320,439			319,360			320,332			319,299
Basic net earnings per share	$	1.00		$	0.76		$	2.12		$	1.03
Diluted net earnings per share:
Diluted net earnings	$	323,048		$	243,620		$	679,947		$	331,185
Earnings allocated to participating securities		(1,136	)		(852	)		(2,328	)		(1,089	)
Net earnings available to common stockholders	$	321,912		$	242,768		$	677,619		$	330,096
Diluted average shares outstanding:
Basic shares outstanding		320,439			319,360			320,332			319,299
Dilutive effect of stock options and other		787			223			854			138
		321,226			319,583			321,186			319,437
Diluted net earnings per share	$	1.00		$	0.76		$	2.11		$	1.03

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 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Anti-dilutive stock options:
Weighted-average shares		698		1,334		349		1,874
Weighted-average exercise price	$	59.07	$	49.40	$	59.07	$	47.04