Net Income Per Share

9 Months Ended

Sep. 27, 2014

Net Income Per Share:

The Company presents both basic and diluted net income per share on the face of the unaudited 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 diluted 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 September 27, 2014						Fiscal three months ended September 28, 2013
	Income		Shares	Per Share Amount			Income		Shares	Per Share Amount
Basic net income per share:
Net income	$	76,603	137,367	$	0.56		$	64,767	139,524	$	0.46
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,496	(0.01		)	—		2,202	—
Net income	$	76,603	138,863	$	0.55		$	64,767	141,726	$	0.46



	Fiscal nine months ended September 27, 2014						Fiscal nine months ended September 28, 2013
	Income		Shares	Per Share Amount			Income		Shares	Per Share Amount
Basic net income per share:
Net income	$	258,823	138,293	$	1.87		$	232,353	139,304	$	1.67
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,709	(0.02		)	—		2,385	(0.03		)
Net income	$	258,823	140,002	$	1.85		$	232,353	141,689	$	1.64

Anti-dilutive stock options excluded from the above calculations totaled approximately 1.4 million and 0.7 million for the three months ended September 27, 2014 and September 28, 2013, and 1.1 million and 1.2 million for the nine months ended September 27, 2014 and September 28, 2013, respectively.

- Definition

The entire disclosure for earnings per share.

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