Earnings Per Share

6 Months Ended

Jul. 04, 2015

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



	Three Months Ended
	2015					2014
	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	$	115,038	344,431	$	0.33	$	129,033	341,788	$	0.38
Effect of dilutive securities:
Stock options and non-vested shares	—		8,019			—		8,006
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	115,038	352,450	$	0.33	$	129,033	349,794	$	0.37

For the three months ended July 4, 2015 and June 28, 2014, options to purchase 2.8 million and 5.9 million shares of common stock at per share prices ranging from $54.09 to $73.40 and $38.66 to $60.37, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive.



	Six Months Ended
	2015					2014
	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	$	225,972	343,880	$	0.66	$	248,559	342,787	$	0.73
Effect of dilutive securities:
Stock options and non-vested shares	—		8,282			—		8,262
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	225,972	352,162	$	0.64	$	248,559	351,049	$	0.71

For the six months ended July 4, 2015 and June 28, 2014, options to purchase 1.9 million and 4.8 million shares of common stock at per share prices ranging from $53.17 to $73.40 and $38.66 to $60.37, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive.