Earnings Per Share

12 Months Ended

Dec. 28, 2019

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



	2019					2018					2017
	Earnings		Shares	Per-Share		Earnings		Shares	Per-Share		Earnings		Shares	Per-Share
(In thousands, except per share data)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount

Basic earnings per share:
Income available to common shareholders	$	529,454	318,229	$	1.66	$	630,059	330,084	$	1.91	$	866,978	331,373	$	2.62
Effect of dilutive securities:
Stock options, non-vested shares and share units	—		3,006			—		3,488			—		6,626
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	529,454	321,235	$	1.65	$	630,059	333,572	$	1.89	$	866,978	337,999	$	2.57

Options to purchase 9.6 million, 12.9 million and 10.6 million shares of common stock at per share prices ranging from $52.32 to $75.83, $50.04 to $73.40 and $50.04 to $73.40, were outstanding at the end of 2019, 2018 and 2017, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.