EARNINGS PER SHARE |
EARNINGS PER SHARE 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.
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