Net Income Per Share

6 Months Ended

Jun. 29, 2013

Net Income Per Share:

We present both basic and diluted net income per share on the face of the condensed consolidated statements of income. Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average dilutive shares outstanding. Dilutive shares are computed using the treasury stock method for stock options and restricted stock units.

Net income per share is calculated as follows (in thousands, except per share amounts):



	Fiscal three months ended June 29, 2013						Fiscal three months ended June 30, 2012
	Income		Shares	Per Share Amount			Income		Shares	Per Share Amount
Basic net income per share:
Net income	$	123,580	69,672	$	1.77		$	106,621	71,814	$	1.48
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,118	(0.02		)	—		1,674	(0.03		)
Net income	$	123,580	70,790	$	1.75		$	106,621	73,488	$	1.45



	Fiscal six months ended June 29, 2013						Fiscal six months ended June 30, 2012
	Income		Shares	Per Share Amount			Income		Shares	Per Share Amount
Basic net income per share:
Net income	$	167,586	69,537	$	2.41		$	146,949	71,704	$	2.05
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,238	(0.04		)	—		1,787	(0.05		)
Net income	$	167,586	70,775	$	2.37		$	146,949	73,491	$	2.00

Anti-dilutive stock options excluded from the above calculations totaled approximately 0.7 million and 0.6 million for the three months ended June 29, 2013 and June 30, 2012, respectively, and 0.6 million and 0.4 million for the six months ended June 29, 2013 and June 30, 2012, respectively.

- Definition

The entire disclosure for earnings per share.

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