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Net Income Per Share
 3 Months Ended
Apr. 01, 2017
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
 
April 1, 2017
 
March 26, 2016
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
60,311

 
130,276

 
$
0.46

 
$
67,668

 
133,630

 
$
0.51

Dilutive stock options and restricted stock units outstanding
—

 
814

 
—

 
—

 
1,079

 
(0.01
)
Diluted net income per share:
$
60,311

 
131,090

 
$
0.46

 
$
67,668

 
134,709

 
$
0.50


Anti-dilutive stock options excluded from the above calculations totaled approximately 2.8 million and 1.3 million shares for the three months ended April 1, 2017 and March 26, 2016, respectively.