XML 50 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 3 Months Ended
Mar. 29, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

9  Earnings Per Share

 

Basic and diluted earnings per share (“EPS”) calculations are detailed as follows (in thousands, except per share data):

    Three Months Ended March 29, 2014
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $70,302  84,977 $0.83
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     896   
Net income per diluted common share $70,302  85,873 $0.82

    Three Months Ended March 30, 2013
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $121,059  86,049 $1.41
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     1,166   
Net income per diluted common share $121,059  87,215 $1.39

For the three months ended March 29, 2014 and March 30, 2013, the Company had 0.6 million and 1.4 million stock options that were antidilutive, respectively, due to having higher exercise prices than the Company's average stock price during the period. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.