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Earnings Per Share
9 Months Ended
Sep. 27, 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 September 27, 2014
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $113,497  83,663 $1.36
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     738   
Net income per diluted common share $113,497  84,401 $1.34

    Three Months Ended September 28, 2013
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $98,048  85,185 $1.15
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     1,179   
Net income per diluted common share $98,048  86,364 $1.14

    Nine Months Ended September 27, 2014
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $280,328  84,375 $3.32
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     787   
Net income per diluted common share $280,328  85,162 $3.29

    Nine Months Ended September 28, 2013
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $308,421  85,565 $3.60
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     1,154   
Net income per diluted common share $308,421  86,719 $3.56

For both the three and nine months ended September 27, 2014, the Company had 0.5 million stock options that were antidilutive due to having higher exercise prices than the Company's average stock price during the period. For the three and nine months ended September 28, 2013, the Company had 0.7 million and 0.8 million stock options that were antidilutive, respectively. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.