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Earnings Per Share
 6 Months Ended
Dec. 29, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

 

8.  EARNINGS PER SHARE 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended

 

26-Week Period Ended

 

 

Dec. 29, 2012

 

Dec. 31, 2011

 

Dec. 29, 2012

 

Dec. 31, 2011

 

 

(In thousands, except for share and per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$
221,369 

 

$
250,113 

 

$
507,967 

 

$
552,766 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average basic shares outstanding

 

 
587,091,968 

 

 
586,188,302 

 

 
587,760,060 

 

 
589,095,964 

Dilutive effect of share-based awards

 

 
2,659,965 

 

 
845,902 

 

 
2,370,477 

 

 
1,145,687 

Weighted-average diluted shares outstanding

 

 
589,751,933 

 

 
587,034,204 

 

 
590,130,537 

 

 
590,241,651 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

$
0.38 

 

$
0.43 

 

$
0.86 

 

$
0.94 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

$
0.38 

 

$
0.43 

 

$
0.86 

 

$
0.94 

 

The number of options that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 25,000,000 and 49,000,000 for the second quarter of fiscal 2013 and fiscal 2012, respectively.  The number of options that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 31,000,000 and 49,500,000 for the first 26 weeks of fiscal 2013 and 2012, respectively.