Earnings Per Share

6 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Earnings Per Share

16. Earnings Per Share

The computations of basic and diluted net earnings per share for the second quarter and first six months of 2024 and 2023 are as follows (in thousands, except per share amounts):
 

	Three Months (13 Weeks) Ended						Six Months (26 Weeks) Ended
	June 29, 2024			July 1, 2023			June 29, 2024			July 1, 2023
Basic net earnings per share:
Basic net earnings	$	645,217		$	1,461,354		$	1,490,058		$	2,597,896
Earnings allocated to participating securities		(3,053	)		(6,029	)		(6,362	)		(9,251	)
Net earnings available to common    stockholders	$	642,164		$	1,455,325		$	1,483,696		$	2,588,645
Basic average shares outstanding		239,580			250,144			241,329			251,876
Basic net earnings per share	$	2.68		$	5.82		$	6.15		$	10.28
Diluted net earnings per share:
Diluted net earnings	$	645,217		$	1,461,354		$	1,490,058		$	2,597,896
Earnings allocated to participating securities		(3,048	)		(6,013	)		(6,350	)		(9,223	)
Net earnings available to common    stockholders	$	642,169		$	1,455,341		$	1,483,708		$	2,588,673
Diluted average shares outstanding:
Basic average shares outstanding		239,580			250,144			241,329			251,876
Dilutive effect of stock options and other		355			380			199			458
		239,935			250,524			241,528			252,334
Diluted net earnings per share	$	2.68		$	5.81		$	6.14		$	10.26

The number of shares that were not included in the diluted net earnings per share calculation, because to do so would have been anti-dilutive, was immaterial for all periods presented.