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Earnings Per Share
 6 Months Ended
Jun. 27, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

3.

Earnings Per Share

 

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

 

 

 

 

13-Weeks Ended

 

 

 

June 27, 2020

 

 

June 29, 2019

 

Numerator:

 

 

 

 

 

 

 

 

Numerator for basic and diluted net income per share - net income

 

$

184,180

 

 

$

223,656

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic net income per share – weighted-average common shares

 

 

191,024

 

 

 

189,855

 

 

 

 

 

 

 

 

 

 

Effect of dilutive awards

 

 

573

 

 

 

859

 

 

 

 

 

 

 

 

 

 

Denominator for diluted net income per share – adjusted weighted-average common shares

 

 

191,597

 

 

 

190,714

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.96

 

 

$

1.18

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$

0.96

 

 

$

1.17

 

  

 

 

26-Weeks Ended

 

 

 

June 27, 2020

 

 

June 29, 2019

 

Numerator:

 

 

 

 

 

 

 

 

Numerator for basic and diluted net income per share - net income

 

$

345,360

 

 

$

363,829

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic net income per share –  weighted-average common shares

 

 

190,914

 

 

 

189,728

 

 

 

 

 

 

 

 

 

 

Effect of dilutive equity awards

 

 

726

 

 

 

929

 

 

 

 

 

 

 

 

 

 

Denominator for diluted net income per share –  adjusted weighted-average common shares

 

 

191,640

 

 

 

190,657

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

1.81

 

 

$

1.92

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$

1.80

 

 

$

1.91

 

 

There were 410 and 411 anti-dilutive stock options, stock appreciation rights and restricted stock units (collectively “equity awards”) excluded from the computations of diluted net income per share for the 13-week and 26-week periods ended June 27, 2020, respectively, and 400 anti-dilutive equity awards excluded from the computations of diluted net income per share for the 13-week and 26-week periods ended June 29, 2019.

 

There were 10 net shares issued as a result of exercises and releases of equity awards for the 13-week periods ended June 27, 2020 and June 29, 2019, respectively.

 

There were 341 and 396 net shares issued as a result of exercises and releases of equity awards for the 26-week periods ended June 27, 2020 and June 29, 2019, respectively.

 

There were 196 employee stock purchase plan (ESPP) shares issued from outstanding Treasury stock during the 13-week and 26-week periods ended June 27, 2020.

 

There were 245 ESPP shares issued from outstanding Treasury stock during the 13-week and 26-week periods ended June 29, 2019.