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Net Income Per Share
9 Months Ended
Sep. 26, 2015
Earnings Per Share [Abstract]  
Net Income Per Share
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 26, 2015
 
Fiscal three months ended September 27, 2014
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
87,312

 
135,525

 
$
0.64

 
$
76,603

 
137,367

 
$
0.56

Dilutive stock options and restricted stock units outstanding

 
1,216

 

 

 
1,496

 
(0.01
)
Diluted net income per share:
$
87,312

 
136,741

 
$
0.64

 
$
76,603

 
138,863

 
$
0.55


 
Fiscal nine months ended September 26, 2015
 
Fiscal nine months ended September 27, 2014
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
298,683

 
135,997

 
$
2.20

 
$
258,823

 
138,293

 
$
1.87

Dilutive stock options and restricted stock units outstanding

 
1,295

 
(0.02
)
 

 
1,709

 
(0.02
)
Diluted net income per share:
$
298,683

 
137,292

 
$
2.18

 
$
258,823

 
140,002

 
$
1.85


Anti-dilutive stock options excluded from the above calculations totaled approximately 0.7 million and 1.4 million shares for the three months ended September 26, 2015 and September 27, 2014, respectively, and 0.9 million and 1.1 million shares for the nine months ended September 26, 2015 and September 27, 2014, respectively.