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Earnings per Share

3 Months Ended

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

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