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Earnings Per Share

3 Months Ended

Mar. 31, 2018

Net income per share:

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
		March 31, 2018				April 1, 2017
Numerator:
Numerator for basic and diluted net income per share - net income		$	129,374			$	238,404

Denominator:
Denominator for basic net income per share – weighted-average common shares			188,322				188,333

Effect of dilutive securities –
stock options, stock appreciation rights and restricted stock units			970				698

Denominator for diluted net income per share – adjusted weighted-average common shares			189,292				189,031

Basic net income per share		$	0.69			$	1.27

Diluted net income per share		$	0.68			$	1.26

There were 0 and 2,593 anti-dilutive stock options, stock appreciation rights and restricted stock units (collectively “equity awards”) outstanding during the 13-week periods ended March 31, 2018 and April 1, 2017, respectively.

There were 332 and 150 net shares issued as a result of exercises and releases of equity awards for the 13-week periods ended March 31, 2018 and April 1, 2017, respectively.