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Earnings Per Share
9 Months Ended
Sep. 29, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

10 Earnings Per Share

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

 

     Three Months Ended September 29, 2018  
     Net Income      Weighted-
Average Shares
     Per Share  
     (Numerator)      (Denominator)      Amount  

Net income per basic common share

   $ 141,014        76,575      $ 1.84  

Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities

     —          561        (0.01
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 141,014        77,136      $ 1.83  
  

 

 

    

 

 

    

 

 

 
     Three Months Ended September 30, 2017  
     Net Income      Weighted-
Average Shares
     Per Share  
     (Numerator)      (Denominator)      Amount  

Net income per basic common share

   $ 136,104        79,712      $ 1.71  

Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities

     —          809        (0.02
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 136,104        80,521      $ 1.69  
  

 

 

    

 

 

    

 

 

 
     Nine Months Ended September 29, 2018  
     Net Income      Weighted-
Average Shares
     Per Share  
     (Numerator)      (Denominator)      Amount  

Net income per basic common share

   $ 408,642        77,741      $ 5.26  

Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities

     —          654        (0.05
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 408,642        78,395      $ 5.21  
  

 

 

    

 

 

    

 

 

 

 

     Nine Months Ended September 30, 2017  
     Net Income      Weighted-
Average Shares
     Per Share  
     (Numerator)      (Denominator)      Amount  

Net income per basic common share

   $ 373,483        79,908      $ 4.67  

Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities

     —          752        (0.04
  

 

 

    

 

 

    

 

 

 

Net income per diluted common share

   $ 373,483        80,660      $ 4.63  
  

 

 

    

 

 

    

 

 

 

For the three and nine months ended September 29, 2018, the Company had 0.3 million and 0.1 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 September 30, 2017, the Company had 0.4 million and 0.5 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.