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Earnings Per Share
 9 Months Ended
Mar. 29, 2014
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

 

39-Week Period Ended

 

 

Mar. 29, 2014

 

Mar. 30, 2013

 

Mar. 29, 2014

 

Mar. 30, 2013

 

 

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

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$
180,937 

 

$
201,417 

 

$
677,362 

 

$
709,384 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average basic shares outstanding

 

 
585,885,137 

 

 
589,149,731 

 

 
585,802,651 

 

 
588,222,833 

Dilutive effect of share-based awards

 

 
4,585,146 

 

 
3,754,068 

 

 
4,031,670 

 

 
2,831,673 

Weighted-average diluted shares outstanding

 

 
590,470,283 

 

 
592,903,799 

 

 
589,834,321 

 

 
591,054,506 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

$
0.31 

 

$
0.34 

 

$
1.16 

 

$
1.21 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

$
0.31 

 

$
0.34 

 

$
1.15 

 

$
1.20 

 

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 2,800,000 and 10,800,000 for the third quarter of fiscal 2014 and fiscal 2013, 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  2,000,000 and 24,200,000 for the first 39 weeks of fiscal 2014 and 2013, respectively.