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Net Income Per Share
6 Months Ended
Jun. 27, 2020
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 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 during the period. 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 EndedFiscal Three Months Ended
June 27, 2020June 29, 2019
 IncomeSharesPer Share
Amount
IncomeSharesPer Share
 Amount
Basic net income per share:$338,678  115,912  $2.92  $219,210  120,371  $1.82  
Dilutive effect of share-based awards—  900  (0.02) —  1,137  (0.02) 
Diluted net income per share:$338,678  116,812  $2.90  $219,210  121,508  $1.80  


Fiscal Six Months EndedFiscal Six Months Ended
June 27, 2020June 29, 2019
IncomeSharesPer Share
Amount
IncomeSharesPer Share
 Amount
Basic net income per share:$422,455  116,325  $3.63  $296,042  120,791  $2.45  
Dilutive effect of share-based awards—  797  (0.02) —  1,039  (0.02) 
Diluted net income per share:$422,455  117,122  $3.61  $296,042  121,830  $2.43  



Anti-dilutive stock awards excluded from the above calculations totaled approximately 0.5 million and 0.3 million shares for the fiscal three months ended June 27, 2020 and June 29, 2019, respectively, and 0.6 million and 0.3 million shares for the fiscal six months ended June 27, 2020 and June 29, 2019, respectively.