Earnings Per Share (Tables)

6 Months Ended

Jul. 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 second quarter and first six months of 2022 and 2021 are as follows (in thousands, except per share amounts):

	Three Months (13 Weeks) Ended						Six Months (26 Weeks) Ended
	July 2, 2022			July 3, 2021			July 2, 2022			July 3, 2021
Basic net earnings per share:
Basic net earnings	$	2,561,233		$	1,506,868		$	4,656,856		$	2,449,300
Earnings allocated to participating securities		(11,041	)		(6,676	)		(19,380	)		(12,426	)
Net earnings available to common stockholders	$	2,550,192		$	1,500,192		$	4,637,476		$	2,436,874
Basic average shares outstanding		263,221			296,817			267,416			299,359
Basic net earnings per share	$	9.69		$	5.05		$	17.34		$	8.14
Diluted net earnings per share:
Diluted net earnings	$	2,561,233		$	1,506,868		$	4,656,856		$	2,449,300
Earnings allocated to participating securities		(10,997	)		(6,649	)		(19,302	)		(12,385	)
Net earnings available to common stockholders	$	2,550,236		$	1,500,219		$	4,637,554		$	2,436,915
Diluted average shares outstanding:
Basic average shares outstanding		263,221			296,817			267,416			299,359
Dilutive effect of stock options and other		498			712			650			379
		263,719			297,529			268,066			299,738
Diluted net earnings per share	$	9.67		$	5.04		$	17.30		$	8.13

Anti-dilutive Stock Options

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

	Three Months (13 Weeks) Ended				Six Months (26 Weeks) Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Anti-dilutive stock options:
Weighted-average shares		-		52		-		152
Weighted-average exercise price	$	-	$	110.74	$	-	$	73.47