Earnings Per Share

3 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

18.                  EARNINGS PER SHARE: The computations of basic and diluted net earnings per share for the first quarter of 2019 and 2018 are as follows (in thousands, except per share amounts):

	Three Months (13 Weeks) Ended
	March 30, 2019			March 31, 2018
Basic net earnings per share:
Basic net earnings	$	501,806		$	354,179
Earnings allocated to participating securities		(1,968	)		(1,181	)
Net earnings available to common stockholders	$	499,838		$	352,998
Average shares outstanding		306,585			319,421
Basic net earnings per share	$	1.63		$	1.11
Diluted net earnings per share:
Diluted net earnings	$	501,806		$	354,179
Earnings allocated to participating securities		(1,964	)		(1,177	)
Net earnings available to common stockholders	$	499,842		$	353,002
Diluted average shares outstanding:
Basic shares outstanding		306,585			319,421
Dilutive effect of stock options and other		595			1,053
		307,180			320,474
Diluted net earnings per share	$	1.63		$	1.10

The following stock options were excluded from the computation of diluted net earnings per share for the first quarter of 2019 because their effect would have been anti-dilutive (shares in thousands):

	Three Months (13 Weeks) Ended
	March 30, 2019		March 31, 2018
Anti-dilutive stock options:
Weighted-average shares		963		—
Weighted-average exercise price	$	60.92	$	—