| Computation of Basic and Diluted Earnings Per Share |
The following table shows the computation of basic
and diluted earnings per share for the three- and six-month periods
ended March 26, 2016 and March 28, 2015 (net income in
millions and shares in thousands):
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Three Months Ended |
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Six Months Ended |
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March 26,
2016 |
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March 28,
2015 |
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March 26,
2016 |
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March 28,
2015 |
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Numerator:
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Net income
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$ |
10,516 |
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$ |
13,569 |
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$ |
28,877 |
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$ |
31,593 |
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Denominator:
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Weighted-average shares outstanding
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5,514,381 |
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5,793,799 |
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5,536,656 |
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5,818,441 |
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Effect of dilutive securities
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26,505 |
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41,059 |
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30,850 |
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39,889 |
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Weighted-average diluted shares
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5,540,886 |
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5,834,858 |
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5,567,506 |
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5,858,330 |
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Basic earnings per share
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$ |
1.91 |
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$ |
2.34 |
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$ |
5.22 |
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$ |
5.43 |
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Diluted earnings per share
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$ |
1.90 |
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$ |
2.33 |
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$ |
5.19 |
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$ |
5.39 |
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