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Earnings Per Share
12 Months Ended
Dec. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings Per Share

 

The following table sets forth the computation of basic and diluted net income per share:

 

    Fiscal Year Ended  
    December 30,     December 31,     December 26,  
    2017     2016     2015  
Numerator:                        
Numerator for basic and diluted net income per share - net income   $ 694,955     $ 510,814     $ 456,227  
                         
Denominator:                        
Denominator for basic net income per share – weighted-average common shares     187,828       188,818       190,631  
                         
Effect of dilutive securities – employee stock options and stock appreciation rights     904       525       476  
                         
Denominator for diluted net income per share – adjusted weighted-average common shares     188,732       189,343       191,107  
                         
Basic net income per share   $ 3.70     $ 2.71     $ 2.39  
                         
Diluted net income per share   $ 3.68     $ 2.70     $ 2.39  

 

There were 1,175,728, 3,547,738, and 4,086,983 outstanding stock options, stock appreciation rights and restricted stock units (collectively “equity awards”) excluded from the computation of diluted earnings per share for the fiscal years of 2017, 2016, and 2015, respectively, because the effect would have been anti-dilutive.