17.

EARNINGS PER SHARE: The computations of basic and diluted net earnings per share for the first quarter of 2018 and 2017 are as follows (in thousands, except per share amounts):


	Three Months (13 Weeks) Ended
	March 31, 2018			April 1, 2017
Basic net earnings per share:
Basic net earnings	$	354,179		$	356,899
Earnings allocated to participating securities		(1,181	)		(1,192	)

Net earnings available to common stockholders	$	352,998		$	355,707

Average shares outstanding		319,421			320,224

Basic net earnings per share	$	1.11		$	1.11

Diluted net earnings per share:
Diluted net earnings	$	354,179		$	356,899
Earnings allocated to participating securities		(1,177	)		(1,188	)

Net earnings available to common stockholders	$	353,002		$	355,711

Diluted average shares outstanding:
Basic shares outstanding		319,421			320,224
Dilutive effect of stock options and other		1,053			922

		320,474			321,146

Diluted net earnings per share	$	1.10		$	1.11

There were no stock options excluded from the computation of diluted net earnings per share for either the first quarter of 2018 or 2017 because their effect would have been anti-dilutive.