Earnings Per Share
A reconciliation of the numerators and the denominators of the basic and diluted per share computations are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | 2016 | | 2015 | | Earnings | | Shares | | Per-Share | | Earnings | | Shares | | Per-Share | (In thousands, except per share data) | (Numerator) | | (Denominator) | | Amount | | (Numerator) | | (Denominator) | | Amount | | | | | | | | | | | | | Basic earnings per share: | | | | | | | | | | | | Income available to common shareholders | $ | 169,979 |
| | 338,684 |
| | $ | 0.50 |
| | $ | 147,282 |
| | 344,040 |
| | $ | 0.43 |
| Effect of dilutive securities: | | | | | | | | | | | | Stock options and non-vested shares | — |
| | 6,133 |
| | | | — |
| | 7,324 |
| | | Diluted earnings per share: | | | | | | | | | | | | Income available to common shareholders including assumed conversions | $ | 169,979 |
| | 344,817 |
| | $ | 0.49 |
| | $ | 147,282 |
| | 351,364 |
| | $ | 0.42 |
|
For the three months ended October 1, 2016 and October 3, 2015, options to purchase 8.1 million and 3.9 million shares of common stock at per share prices ranging from $47.84 to $73.40 and $48.39 to $73.40, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive. | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended | | 2016 | | 2015 | | Earnings | | Shares | | Per-Share | | Earnings | | Shares | | Per-Share | (In thousands, except per share data) | (Numerator) | | (Denominator) | | Amount | | (Numerator) | | (Denominator) | | Amount | | | | | | | | | | | | | Basic earnings per share: | | | | | | | | | | | | Income available to common shareholders | $ | 486,793 |
| | 338,675 |
| | $ | 1.44 |
| | $ | 373,254 |
| | 343,933 |
| | $ | 1.09 |
| Effect of dilutive securities: | | | | | | | | | | | | Stock options and non-vested shares | — |
| | 6,242 |
| | | | — |
| | 7,958 |
| | | Diluted earnings per share: | | | | | | | | | | | | Income available to common shareholders including assumed conversions | $ | 486,793 |
| | 344,917 |
| | $ | 1.41 |
| | $ | 373,254 |
| | 351,891 |
| | $ | 1.06 |
|
For the nine months ended October 1, 2016 and October 3, 2015, options to purchase 7.2 million and 2.5 million shares of common stock at per share prices ranging from $47.38 to $73.40 and $51.97 to $73.40, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive. |