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Earnings per Share | 3 Months Ended
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Mar. 26, 2021
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
|  |  | Three Months Ended
|  |  |  |  | March 26, 2021 |  | March 27, 2020
Net earnings available to common shareholders |  |  |  |  | $ | 105,687 |  |  | $ | 72,818 |
Weighted average shares outstanding for basic earnings per share |  |  |  |  | 168,948 |  |  | 167,977 |
Dilutive effect of stock options computed using the treasury stock method and the average market price |  |  |  |  | 4,900 |  |  | 4,665 |
Weighted average shares outstanding for diluted earnings per share |  |  |  |  | 173,848 |  |  | 172,642 |
Basic earnings per share |  |  |  |  | $ | 0.63 |  |  | $ | 0.43 |
Diluted earnings per share |  |  |  |  | $ | 0.61 |  |  | $ | 0.42 |
Stock options to purchase 700,000 and 2,014,000 shares were not included in the March 26, 2021 and March 27, 2020 computations of diluted earnings per share, respectively, because they would have been anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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