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Earnings Per Share
9 Months Ended
Oct. 01, 2016
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 1, 2016
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $124,856  80,677 $1.55
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities   -  711   (0.02)
Net income per diluted common share $124,856  81,388 $1.53

    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

    Nine Months Ended October 1, 2016
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $347,125  80,923 $4.29
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities   -  650   (0.03)
Net income per diluted common share $347,125  81,573 $4.26

    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

For the three and nine months ended October 1, 2016, the Company had 0.5 million and 0.8 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 nine months ended October 3, 2015, the Company had 0.6 million and 0.7 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.