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EARNINGS PER SHARE
6 Months Ended
Jan. 02, 2022
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 Ended26-Week Period Ended
 Jan. 1, 2022Dec. 26, 2020Jan. 1, 2022Dec. 26, 2020
 (In thousands, except for share
and per share data)
(In thousands, except for share
and per share data)
Numerator:  
Net earnings$167,441 $67,289 $545,454 $284,189 
Denominator:
Weighted-average basic shares outstanding511,044,400 510,006,754 511,780,234 509,567,080 
Dilutive effect of share-based awards3,530,489 2,736,038 3,398,676 2,173,698 
Weighted-average diluted shares outstanding514,574,889 512,742,792 515,178,910 511,740,778 
Basic earnings per share$0.33 $0.13 $1.07 $0.56 
Diluted earnings per share$0.33 $0.13 $1.06 $0.56 
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 2,124,000 and 6,287,000 for the second quarter of fiscal 2022 and fiscal 2021, respectively. 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 2,044,000 and 6,199,000 for the first 26 weeks of fiscal 2022 and fiscal 2021, respectively.