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Earnings Per Share
 6 Months Ended
Dec. 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

 

26-Week Period Ended

 

 

Dec. 27, 2014

 

Dec. 28, 2013

 

Dec. 27, 2014

 

Dec. 28, 2013

 

 

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

 

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

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$
157,979 

 

$
210,835 

 

$
436,792 

 

$
496,425 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average basic shares outstanding

 

 
590,723,351 

 

 
584,253,842 

 

 
589,499,802 

 

 
585,761,409 

Dilutive effect of share-based awards

 

 
5,188,329 

 

 
3,672,445 

 

 
5,110,513 

 

 
3,754,933 

Weighted-average diluted shares outstanding

 

 
595,911,680 

 

 
587,926,287 

 

 
594,610,315 

 

 
589,516,342 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

$
0.27 

 

$
0.36 

 

$
0.74 

 

$
0.85 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

$
0.27 

 

$
0.36 

 

$
0.73 

 

$
0.84 

 

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 3,100,000 for the second quarter of fiscal 2015 and fiscal 2014, 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 1,300,000 and 1,600,000 for the first 26 weeks of 2015 and 2014, respectively.