Earnings Per Share (Tables)

3 Months Ended

Apr. 02, 2022

Earnings Per Share [Abstract]

Computations of Basic and Diluted Net Earnings Per Share

The computations of basic and diluted net earnings per share for the first quarter of 2022 and 2021 are as follows (in thousands, except per share amounts):

	Three Months (13 Weeks) Ended
	April 2, 2022			April 3, 2021
Basic net earnings per share:
Basic net earnings	$	2,095,623		$	942,432
Earnings allocated to participating securities		(8,420	)		(5,376	)
Net earnings available to common stockholders	$	2,087,203		$	937,056
Basic average shares outstanding		271,564			301,846
Basic net earnings per share	$	7.69		$	3.10
Diluted net earnings per share:
Diluted net earnings	$	2,095,623		$	942,432
Earnings allocated to participating securities		(8,385	)		(5,363	)
Net earnings available to common stockholders	$	2,087,238		$	937,069
Diluted average shares outstanding:
Basic average shares outstanding		271,564			301,846
Dilutive effect of stock options and other		530			672
		272,094			302,518
Diluted net earnings per share	$	7.67		$	3.10

Anti-dilutive Stock Options

The following stock options were excluded from the computation of diluted net earnings per share for the first quarter of 2022 and 2021 because their effect would have been anti-dilutive (shares in thousands):

	Three Months (13 Weeks) Ended
	April 2, 2022		April 3, 2021
Anti-dilutive stock options:
Weighted-average shares		-		249
Weighted-average exercise price	$	-	$	65.80