Earnings Per Share

3 Months Ended

Sep. 26, 2020

Earnings Per Share, Basic [Abstract]

Earnings Per Share

EARNINGS PER SHARE

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

	13-Week Period Ended
	Sep. 26, 2020		Sep. 28, 2019
	(In thousands, except for share and per share data)
Numerator:
Net earnings	$	216,900	$	453,781
Denominator:
Weighted-average basic shares outstanding	509,127,405		513,496,296
Dilutive effect of share-based awards	1,611,355		5,265,160
Weighted-average diluted shares outstanding	510,738,760		518,761,456
Basic earnings per share	$	0.43	$	0.88
Diluted earnings per share	$	0.42	$	0.87

The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 6,110,000 and 3,321,000 for the first quarter of fiscal 2021 and fiscal 2020, respectively.