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Net Income Per Share
9 Months Ended
Sep. 30, 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
 
September 30, 2017
 
September 24, 2016
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
91,896

 
126,416

 
$
0.73

 
$
89,444

 
133,392

 
$
0.67

Dilutive stock options and restricted stock units outstanding

 
503

 
(0.01
)
 

 
864

 

Diluted net income per share:
$
91,896

 
126,919

 
$
0.72

 
$
89,444

 
134,256

 
$
0.67


 
Fiscal nine months ended
 
Fiscal nine months ended
 
September 30, 2017
 
September 24, 2016
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
312,856

 
128,293

 
$
2.44

 
$
313,537

 
133,529

 
$
2.35

Dilutive stock options and restricted stock units outstanding

 
617

 
(0.01
)
 

 
980

 
(0.02
)
Diluted net income per share:
$
312,856

 
128,910

 
$
2.43

 
$
313,537

 
134,509

 
$
2.33



Anti-dilutive stock options excluded from the above calculations totaled approximately 4.1 million and 1.8 million shares for the three months ended September 30, 2017 and September 24, 2016, respectively, and 3.9 million and 1.6 million shares for the fiscal nine months ended September 30, 2017 and September 24, 2016, respectively.