Earnings Per Share

9 Months Ended

Apr. 01, 2017

Earnings Per Share, Basic [Abstract]

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:



	13-Week Period Ended				39-Week Period Ended
	Apr. 1, 2017		Mar. 26, 2016		Apr. 1, 2017		Mar. 26, 2016
	(In thousands, except for share and per share data)				(In thousands, except for share and per share data)
Numerator:
Net earnings	$	238,278	$	217,136	$	837,332	$	733,955
Denominator:
Weighted-average basic shares outstanding	539,291,561		566,487,516		546,619,776		576,651,249
Dilutive effect of share-based awards	4,777,354		4,327,282		5,177,655		4,329,616
Weighted-average diluted shares outstanding	544,068,915		570,814,798		551,797,431		580,980,865
Basic earnings per share	$	0.44	$	0.38	$	1.53	$	1.27
Diluted earnings per share	$	0.44	$	0.38	$	1.52	$	1.26

The number of options that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 3,065,000 and 3,100,000 for the third quarter of fiscal 2017 and fiscal 2016, respectively. The number of options that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 3,349,000 and 4,300,000 for the first 39 weeks of fiscal 2017 and fiscal 2016, respectively.