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Earnings Per Share
9 Months Ended
Oct. 03, 2015
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 October 3, 2015
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $116,281  82,036 $1.42
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities   -  748   (0.02)
Net income per diluted common share $116,281  82,784 $1.40

    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   (0.02)
Net income per diluted common share $113,497  84,401 $1.34

    Nine Months Ended October 3, 2015
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $317,999  82,552 $3.85
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities   -  753   (0.03)
Net income per diluted common share $317,999  83,305 $3.82

    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   (0.03)
Net income per diluted common share $280,328  85,162 $3.29

For the three and nine months ended October 3, 2015, the Company had 0.6 million and 0.7 million stock options that were antidilutive, respectively, due to having higher exercise prices than the Company's average stock price during the period. For both the three and nine months ended September 27, 2014, the Company had 0.5 million stock options that were antidilutive. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.