16. Earnings Per Share
The computations of basic and diluted net earnings per share for the second quarter and first six months of 2021 and 2020 are as follows (in thousands, except per share amounts):
|
| Three Months (13 Weeks) Ended |
|
| Six Months (26 Weeks) Ended |
| ||||||||||
|
| July 3, 2021 |
|
| July 4, 2020 |
|
| July 3, 2021 |
|
| July 4, 2020 |
| ||||
Basic net earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net earnings |
| $ | 1,506,868 |
|
| $ | 108,881 |
|
| $ | 2,449,300 |
|
| $ | 129,212 |
|
Earnings allocated to participating securities |
|
| (6,676 | ) |
|
| (792 | ) |
|
| (12,426 | ) |
|
| (1,423 | ) |
Net earnings available to common stockholders |
| $ | 1,500,192 |
|
| $ | 108,089 |
|
| $ | 2,436,874 |
|
| $ | 127,789 |
|
Basic average shares outstanding |
|
| 296,817 |
|
|
| 302,921 |
|
|
| 299,359 |
|
|
| 302,915 |
|
Basic net earnings per share |
| $ | 5.05 |
|
| $ | 0.36 |
|
| $ | 8.14 |
|
| $ | 0.42 |
|
Diluted net earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net earnings |
| $ | 1,506,868 |
|
| $ | 108,881 |
|
| $ | 2,449,300 |
|
| $ | 129,212 |
|
Earnings allocated to participating securities |
|
| (6,649 | ) |
|
| (792 | ) |
|
| (12,385 | ) |
|
| (1,423 | ) |
Net earnings available to common stockholders |
| $ | 1,500,219 |
|
| $ | 108,089 |
|
| $ | 2,436,915 |
|
| $ | 127,789 |
|
Diluted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic average shares outstanding |
|
| 296,817 |
|
|
| 302,921 |
|
|
| 299,359 |
|
|
| 302,915 |
|
Dilutive effect of stock options and other |
|
| 712 |
|
|
| 12 |
|
|
| 379 |
|
|
| 17 |
|
|
|
| 297,529 |
|
|
| 302,933 |
|
|
| 299,738 |
|
|
| 302,932 |
|
Diluted net earnings per share |
| $ | 5.04 |
|
| $ | 0.36 |
|
| $ | 8.13 |
|
| $ | 0.42 |
|
The following stock options were excluded from the computation of diluted net earnings per share for the second quarter and first six months of 2021 and 2020 because their effect would have been anti-dilutive (shares in thousands):
|
| Three Months (13 Weeks) Ended |
|
| Six Months (26 Weeks) Ended |
| ||||||||||
|
| July 3, 2021 |
|
| July 4, 2020 |
|
| July 3, 2021 |
|
| July 4, 2020 |
| ||||
Anti-dilutive stock options: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares |
|
| 52 |
|
|
| 3,749 |
|
|
| 152 |
|
|
| 3,724 |
|
Weighted-average exercise price |
| $ | 110.74 |
|
| $ | 50.69 |
|
| $ | 73.47 |
|
| $ | 51.04 |
|
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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