v2.4.0.8
Earnings Per Share
6 Months Ended
Jun. 28, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
3.
Earnings Per Share
 
The following table sets forth the computation of basic and diluted net income per share:
 
 
 
13-Weeks Ended
 
 
 
June 28,
 
June 29,
 
 
 
2014
 
2013
 
Numerator:
 
 
 
 
 
 
 
Numerator for basic and diluted net income per share - net income
 
$
181,983
 
$
172,491
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic net income per share weighted-average common shares
 
 
193,771
 
 
195,570
 
 
 
 
 
 
 
 
 
Effect of dilutive securities stock options, stock appreciation rights and restricted stock units
 
 
1,184
 
 
730
 
 
 
 
 
 
 
 
 
Denominator for diluted net income per share adjusted weighted-average common shares
 
 
194,955
 
 
196,300
 
 
 
 
 
 
 
 
 
Basic net income per share
 
$
0.94
 
$
0.88
 
 
 
 
 
 
 
 
 
Diluted net income per share
 
$
0.93
 
$
0.88
 
 
 
 
26-Weeks Ended
 
 
 
June 28,
 
June 29,
 
 
 
2014
 
2013
 
Numerator:
 
 
 
 
 
 
 
Numerator for basic and diluted net income per share - net income
 
$
300,800
 
$
261,157
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic net income per share weighted-average common shares
 
 
194,431
 
 
195,600
 
 
 
 
 
 
 
 
 
Effect of dilutive securities stock options, stock appreciation rights and restricted stock units
 
 
1,033
 
 
738
 
 
 
 
 
 
 
 
 
Denominator for diluted net income per share adjusted weighted-average common shares
 
 
195,464
 
 
196,338
 
 
 
 
 
 
 
 
 
Basic net income per share
 
$
1.55
 
$
1.34
 
 
 
 
 
 
 
 
 
Diluted net income per share
 
$
1.54
 
$
1.33
 
 
There were 2,229,849 and 5,514,344 anti-dilutive stock options, stock appreciation rights and restricted stock units (collectively “equity awards”) for the 13-week periods ended June 28, 2014 and June 29, 2013, respectively.
 
There were 2,276,901 and 5,540,636 anti-dilutive equity awards for the 26-week periods ended June 28, 2014 and June 29, 2013, respectively.
 
There were 123,793 and 43,833 shares issued as a result of exercises of equity awards for the 13-week periods ended June 28, 2014 and June 29, 2013, respectively.
 
There were 365,577 and 110,551 shares issued as a result of exercises of equity awards for the 26-week periods ended June 28, 2014 and June 29, 2013, respectively.