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Earnings Per Share
 6 Months Ended
Dec. 31, 2011
Earnings Per Share  
Earnings Per Share

 

7. 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. 31, 2011      Jan. 1, 2011      Dec. 31, 2011      Jan. 1, 2011  
     (In thousands, except for share and per share data)  

Numerator:

            

Net earnings

    $ 250,113       $ 258,173       $ 552,766       $ 557,242   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Weighted-average basic shares outstanding

      586,188,302         584,943,749         589,095,964         586,827,575   

Dilutive effect of share-based awards

      845,902         2,166,589         1,145,687         2,279,262   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average diluted shares outstanding

      587,034,204         587,110,338         590,241,651         589,106,837   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share:

    $ 0.43       $ 0.44       $ 0.94       $ 0.95   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share:

    $ 0.43       $ 0.44       $ 0.94       $ 0.95   
  

 

 

     

 

 

     

 

 

     

 

 

  

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 49,000,000 and 51,500,000 for the second quarter of fiscal 2012 and 2011, 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 49,500,000 and 49,700,000 for the first 26 weeks of fiscal 2012 and 2011, respectively.