EARNINGS PER SHARE

6 Months Ended

Dec. 26, 2020

Earnings Per Share, Basic [Abstract]

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


	13-Week Period Ended				26-Week Period Ended
	Dec. 26, 2020		Dec. 28, 2019		Dec. 26, 2020		Dec. 28, 2019
	(In thousands, except for share and per share data)				(In thousands, except for share and per share data)
Numerator:
Net earnings	$	67,289	$	383,410	$	284,189	$	837,191
Denominator:
Weighted-average basic shares outstanding	510,006,754		509,984,743		509,567,080		511,721,290
Dilutive effect of share-based awards	2,736,038		5,533,049		2,173,698		5,399,105
Weighted-average diluted shares outstanding	512,742,792		515,517,792		511,740,778		517,120,395
Basic earnings per share	$	0.13	$	0.75	$	0.56	$	1.64
Diluted earnings per share	$	0.13	$	0.74	$	0.56	$	1.62

The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 6,287,000 and 2,947,000 for the second quarter of fiscal 2021 and fiscal 2020, respectively. The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 6,199,000 and 3,134,000 for the first 26 weeks of fiscal 2021 and fiscal 2020, respectively.