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Earnings Per Share
6 Months Ended
Jul. 02, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

8  Earnings Per Share

 

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

    Three Months Ended July 2, 2016
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $128,217  80,804 $1.59
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities   -  651   (0.02)
Net income per diluted common share $128,217  81,455 $1.57

    Three Months Ended July 4, 2015
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $105,657  82,564 $1.28
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities   -  768   (0.01)
Net income per diluted common share $105,657  83,332 $1.27

    Six Months Ended July 2, 2016
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $222,269  81,043 $2.74
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities   -  620   (0.02)
Net income per diluted common share $222,269  81,663 $2.72

    Six Months Ended July 4, 2015
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $201,718  82,798 $2.44
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities   -  753   (0.03)
Net income per diluted common share $201,718  83,551 $2.41

For the three and six months ended July 2, 2016, the Company had 0.8 million and 1.2 million stock options that were antidilutive, respectively, due to having higher exercise prices than the Company's average stock price during the period. For the three and six months ended July 4, 2015, the Company had 0.5 million and 0.6 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.