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Earnings Per Share
 9 Months Ended
Mar. 28, 2015
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

 

39-Week Period Ended

 

 

Mar. 28, 2015

 

Mar. 29, 2014

 

Mar. 28, 2015

 

Mar. 29, 2014

 

 

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

 

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

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$
176,955 

 

$
180,937 

 

$
613,747 

 

$
677,362 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average basic shares outstanding

 

 
594,030,427 

 

 
585,885,137 

 

 
591,009,787 

 

 
585,802,651 

Dilutive effect of share-based awards

 

 
4,890,643 

 

 
4,585,146 

 

 
5,037,221 

 

 
4,031,670 

Weighted-average diluted shares outstanding

 

 
598,921,070 

 

 
590,470,283 

 

 
596,047,008 

 

 
589,834,321 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

$
0.30 

 

$
0.31 

 

$
1.04 

 

$
1.16 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

$
0.30 

 

$
0.31 

 

$
1.03 

 

$
1.15 

 

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 2,600,000 and 2,800,000 for the third 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 1,700,000 and 2,000,000 for the first 39 weeks of 2015 and 2014, respectively.