Earnings Per Share

3 Months Ended

Apr. 01, 2017

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 April 1, 2017
		Net Income		Weighted-Average Shares	Per Share
		(Numerator)		(Denominator)	Amount
Net income per basic common share		$	105,557	80,073	$	1.32
Effect of dilutive stock option, restricted
	stock, performance stock unit and
	restricted stock unit securities		-	696		(0.01)
Net income per diluted common share		$	105,557	80,769	$	1.31

		Three Months Ended April 2, 2016
		Net Income		Weighted-Average Shares	Per Share
		(Numerator)		(Denominator)	Amount
Net income per basic common share		$	94,052	81,275	$	1.16
Effect of dilutive stock option, restricted
	stock and restricted stock unit securities		-	699		(0.01)
Net income per diluted common share		$	94,052	81,974	$	1.15

For the three months ended April 1, 2017 and April 2, 2016, the Company had 1.1 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. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.