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Earnings Per Share
 3 Months Ended
Sep. 27, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

 

10.  EARNINGS PER SHARE 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended

 

 

Sep. 27, 2014

 

Sep. 28, 2013

 

 

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

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Net earnings

 

$
278,813 

 

$
285,590 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted-average basic shares outstanding

 

 
588,277,056 

 

 
587,621,529 

Dilutive effect of share-based awards

 

 
5,032,694 

 

 
3,837,419 

Weighted-average diluted shares outstanding

 

 
593,309,750 

 

 
591,458,948 

 

 

 

 

 

 

 

Basic earnings per share:

 

$
0.47 

 

$
0.49 

 

 

 

 

 

 

 

Diluted earnings per share:

 

$
0.47 

 

$
0.48 

 

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 600,000 for the first quarter of fiscal 2015 and was insignificant for the first quarter of fiscal 2014.