Earnings Per Share (Tables)

6 Months Ended

Jul. 01, 2018

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				Six months ended
	July 1, 2018		June 25, 2017		July 1, 2018		June 25, 2017
Numerator:
Net income used in computing basic and diluted earnings per share	$	242,338	$	258,867	$	417,101	$	445,236
Denominator:
Denominator for basic earnings per share - weighted-average common shares	166,589		174,409		167,364		175,178
Effect of dilutive securities - employee stock compensation plan	615		915		825		992
Denominator for diluted earnings per share - adjusted weighted-average shares outstanding	167,204		175,324		168,189		176,170
Earnings per common share:
Basic	$	1.45	$	1.48	$	2.49	$	2.54
Diluted	$	1.45	$	1.48	$	2.48	$	2.53