Earnings Per Share

6 Months Ended

Dec. 26, 2015

Earnings Per Share, Basic [Abstract]

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. 26, 2015		Dec. 27, 2014		Dec. 26, 2015		Dec. 27, 2014
	(In thousands, except for share and per share data)				(In thousands, except for share and per share data)
Numerator:
Net earnings	$	272,399	$	157,979	$	516,819	$	436,792
Denominator:
Weighted-average basic shares outstanding	566,881,538		590,723,351		581,790,230		589,499,802
Dilutive effect of share-based awards	4,570,586		5,188,329		4,330,783		5,110,513
Weighted-average diluted shares outstanding	571,452,124		595,911,680		586,121,013		594,610,315
Basic earnings per share	$	0.48	$	0.27	$	0.89	$	0.74
Diluted earnings per share	$	0.48	$	0.27	$	0.88	$	0.73

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 4,000,000 and 2,000,000 for the second quarter of fiscal 2016 and fiscal 2015, 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 965,000 and 1,300,000 for the first 26 weeks of 2016 and 2015, respectively.