Net Income Per Share

6 Months Ended

Jun. 25, 2016

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						Fiscal three months ended
	June 25, 2016						June 27, 2015
	Income		Shares	Per Share Amount			Income		Shares	Per Share Amount
Basic net income per share:	$	156,425	133,564	$	1.17		$	153,331	136,120	$	1.13
Dilutive stock options and restricted stock units outstanding	—		998	(0.01		)	—		1,280	(0.01		)
Diluted net income per share:	$	156,425	134,562	$	1.16		$	153,331	137,400	$	1.12



	Fiscal six months ended						Fiscal six months ended
	June 25, 2016						June 27, 2015
	Income		Shares	Per Share Amount			Income		Shares	Per Share Amount
Basic net income per share:	$	224,093	133,597	$	1.68		$	211,371	136,233	$	1.55
Dilutive stock options and restricted stock units outstanding	—		1,038	(0.02		)	—		1,334	(0.01		)
Diluted net income per share:	$	224,093	134,635	$	1.66		$	211,371	137,567	$	1.54

Anti-dilutive stock options excluded from the above calculations totaled approximately 1.7 million and 1.0 million shares for the fiscal three months ended June 25, 2016 and June 27, 2015, respectively, and 1.5 million and 0.8 million shares for the fiscal six months ended June 25, 2016 and June 27, 2015, respectively.