XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income Per Share (Tables)
 9 Months Ended
Sep. 24, 2016
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
 
Fiscal three months ended
 
September 24, 2016
 
September 26, 2015
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
89,444

 
133,392

 
$
0.67

 
$
87,312

 
135,525

 
$
0.64

Dilutive stock options and restricted stock units outstanding
—

 
864

 
—

 
—

 
1,216

 
—

Diluted net income per share:
$
89,444

 
134,256

 
$
0.67

 
$
87,312

 
136,741

 
$
0.64



 
Fiscal nine months ended
 
Fiscal nine months ended
 
September 24, 2016
 
September 26, 2015
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
313,537

 
133,529

 
$
2.35

 
$
298,683

 
135,997

 
$
2.20

Dilutive stock options and restricted stock units outstanding
—

 
980

 
(0.02
)
 
—

 
1,295

 
(0.02
)
Diluted net income per share:
$
313,537

 
134,509

 
$
2.33

 
$
298,683

 
137,292

 
$
2.18


Anti-dilutive stock options excluded from the above calculations totaled approximately 1.8 million and 0.7 million shares for the three months ended September 24, 2016 and September 26, 2015, respectively, and 1.6 million and 0.9 million shares for the fiscal nine months ended September 24, 2016 and September 26, 2015, respectively.