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Earnings per Share (Tables) | 9 Months Ended
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Sep. 25, 2020
Earnings Per Share [Abstract] |
Computation of Basic and Diluted EPS | The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
| Three Months Ended |  |  |  | Nine Months Ended |  |
| September 25, 2020 |  | September 27, 2019 |  | September 25, 2020 |  | September 27, 2019
Net earnings available to common shareholders | $ | 114,115 |  |  | $ | 84,132 |  |  | $ | 215,765 |  |  | $ | 259,018 |
Weighted average shares outstanding for basic earnings per share | 167,102 |  |  | 166,848 |  |  | 167,248 |  |  | 166,383 |
Dilutive effect of stock options computed using the treasury stock method and the average market price | 4,551 |  |  | 4,929 |  |  | 4,367 |  |  | 5,178 |
Weighted average shares outstanding for diluted earnings per share | 171,653 |  |  | 171,777 |  |  | 171,615 |  |  | 171,561 |
Basic earnings per share | $ | 0.68 |  |  | $ | 0.50 |  |  | $ | 1.29 |  |  | $ | 1.56 |
Diluted earnings per share | $ | 0.66 |  |  | $ | 0.49 |  |  | $ | 1.26 |  |  | $ | 1.51 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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