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Net Income Per Share | 9 Months Ended
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Sep. 26, 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 Ended |  |  |  |  |  | Fiscal Three Months Ended |  |  |  |
| September 26, 2020 |  |  |  |  |  | September 28, 2019 |  |  |  |
| Income |  | Shares |  | Per Share Amount |  | Income |  | Shares |  | Per Share Amount
Basic net income per share: | $ | 190,610 |  |  | 116,339 |  |  | $ | 1.64 |  |  | $ | 122,133 |  |  | 118,956 |  |  | $ | 1.03 |
Dilutive effect of share-based awards | — |  |  | 1,406 |  |  | (0.02) |  |  | — |  |  | 1,102 |  |  | (0.01) |
Diluted net income per share: | $ | 190,610 |  |  | 117,745 |  |  | $ | 1.62 |  |  | $ | 122,133 |  |  | 120,058 |  |  | $ | 1.02 |
| Fiscal Nine Months Ended |  |  |  |  |  | Fiscal Nine Months Ended |  |  |  |
| September 26, 2020 |  |  |  |  |  | September 28, 2019 |  |  |  |
| Income |  | Shares |  | Per Share Amount |  | Income |  | Shares |  | Per Share Amount
Basic net income per share: | $ | 613,065 |  |  | 116,330 |  |  | $ | 5.27 |  |  | $ | 418,175 |  |  | 120,180 |  |  | $ | 3.48 |
Dilutive effect of share-based awards | — |  |  | 1,000 |  |  | (0.04) |  |  | — |  |  | 1,059 |  |  | (0.03) |
Diluted net income per share: | $ | 613,065 |  |  | 117,330 |  |  | $ | 5.23 |  |  | $ | 418,175 |  |  | 121,239 |  |  | $ | 3.45 |
Anti-dilutive stock awards excluded from the above calculations totaled less than 0.1 million and approximately 0.3 million shares for the fiscal three months ended September 26, 2020 and September 28, 2019, respectively, and less than 0.1 million and approximately 0.4 million shares for the fiscal nine months ended September 26, 2020 and September 28, 2019, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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