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Net Income Per Share
9 Months Ended
Sep. 29, 2018
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 share-based awards. Performance-based restricted share units are included in diluted shares only if the related performance conditions are considered satisfied as of the end of the reporting period. Net income per share is calculated as follows (in thousands, except per share amounts):
 
Fiscal three months ended
 
Fiscal three months ended
 
September 29, 2018
 
September 30, 2017
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
116,784

 
121,876

 
$
0.96

 
$
91,896

 
126,416

 
$
0.73

Dilutive effect of share-based awards

 
885

 
(0.01
)
 

 
503

 
(0.01
)
Diluted net income per share:
$
116,784

 
122,761

 
$
0.95

 
$
91,896

 
126,919

 
$
0.72


 
Fiscal nine months ended
 
Fiscal nine months ended
 
September 29, 2018
 
September 30, 2017
 
Income
 
Shares
 
Per Share
Amount
 
Income
 
Shares
 
Per Share
 Amount
Basic net income per share:
$
395,506

 
122,818

 
$
3.22

 
$
312,856

 
128,293

 
$
2.44

Dilutive effect of share-based awards

 
752

 
(0.02
)
 

 
617

 
(0.01
)
Diluted net income per share:
$
395,506

 
123,570

 
$
3.20

 
$
312,856

 
128,910

 
$
2.43


Anti-dilutive stock options excluded from the above calculations totaled approximately 1.8 million and 4.1 million shares for the three months ended September 29, 2018 and September 30, 2017, respectively, and 3.4 million and 3.9 million shares for the fiscal nine months ended September 29, 2018 and September 30, 2017, respectively.