Net Income Per Share

6 Months Ended

Jun. 27, 2015

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 June 27, 2015						Fiscal three months ended June 28, 2014
	Income		Shares	Per Share Amount			Income		Shares	Per Share Amount
Basic net income per share:
Net income	$	153,331	136,120	$	1.13		$	133,411	138,394	$	0.96
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,280	(0.01		)	—		1,716	(0.01		)
Net income	$	153,331	137,400	$	1.12		$	133,411	140,110	$	0.95



	Fiscal six months ended June 27, 2015						Fiscal six months ended June 28, 2014
	Income		Shares	Per Share Amount			Income		Shares	Per Share Amount
Basic net income per share:
Net income	$	211,371	136,233	$	1.55		$	182,220	138,756	$	1.31
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,334	(0.01		)	—		1,815	(0.01		)
Net income	$	211,371	137,567	$	1.54		$	182,220	140,571	$	1.30

Anti-dilutive stock options excluded from the above calculations totaled approximately 1.0 million and 1.4 million shares for the three months ended June 27, 2015 and June 28, 2014, respectively, and 0.8 million and 0.9 million shares for the six months ended June 27, 2015 and June 28, 2014, respectively.