Earnings Per Share (Tables)

3 Months Ended

Mar. 26, 2017

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three months ended
	March 26, 2017		March 27, 2016
Numerator:
Net income used in computing basic and diluted earnings per share	$	186,369	$	250,489
Denominator:
Denominator for basic earnings per share - weighted-average common shares	176,001		183,429
Effect of dilutive securities - employee stock compensation plan	1,069		775
Denominator for diluted earnings per share - adjusted weighted-average shares outstanding	177,070		184,204
Earnings per common share:
Basic	$	1.06	$	1.37
Diluted	$	1.05	$	1.36