Earnings Per Share

9 Months Ended

Sep. 27, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

A reconciliation of the numerators and the denominators of the basic and diluted per share computations are as follows:

	Three Months Ended
	2014					2013
	Earnings		Shares	Per-Share		Earnings		Shares	Per-Share
(In thousands, except per share data)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Basic earnings per share:
Income available to common shareholders	$	129,002	341,188	$	0.38	$	115,344	342,992	$	0.34
Effect of dilutive securities:
Stock options and non-vested shares	—		8,138			—		8,457
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	129,002	349,326	$	0.37	$	115,344	351,449	$	0.33

For the three months ended September 27, 2014 and September 28, 2013, options to purchase 6.7 million and 7.2 million shares of common stock at per share prices ranging from $38.66 to $60.37 and $36.92 to $50.54, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive.

	Nine Months Ended
	2014					2013
	Earnings		Shares	Per-Share		Earnings		Shares	Per-Share
(In thousands, except per share data)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Basic earnings per share:
Income available to common shareholders	$	377,561	342,254	$	1.10	$	338,291	343,681	$	0.98
Effect of dilutive securities:
Stock options and non-vested shares	—		8,214			—		8,651
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	377,561	350,468	$	1.08	$	338,291	352,332	$	0.96

For the nine months ended September 27, 2014 and September 28, 2013, options to purchase 5.4 million and 5.8 million shares of common stock at per share prices ranging from $38.66 to $60.37 and $32.92 to $50.54, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive.