XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.2
Net Income Per Share
9 Months Ended
Sep. 25, 2021
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
September 25, 2021September 26, 2020
 IncomeSharesPer Share
Amount
IncomeSharesPer Share
 Amount
Basic net income per share:$224,400 114,223 $1.96 $190,610 116,339 $1.64 
Dilutive effect of share-based awards— 970 (0.01)— 1,406 (0.02)
Diluted net income per share:$224,400 115,193 $1.95 $190,610 117,745 $1.62 


 Fiscal Nine Months EndedFiscal Nine Months Ended
September 25, 2021September 26, 2020
 IncomeSharesPer Share
Amount
IncomeSharesPer Share
 Amount
Basic net income per share:$775,776 115,170 $6.74 $613,065 116,330 $5.27 
Dilutive effect of share-based awards— 1,000 (0.06)— 1,000 (0.04)
Diluted net income per share:$775,776 116,170 $6.68 $613,065 117,330 $5.23 

Anti-dilutive stock awards excluded from the above calculations totaled less than 0.1 million shares for the fiscal three months ended September 25, 2021 and September 26, 2020. Anti-dilutive stock awards excluded from the above calculations also totaled less than 0.1 million shares for the fiscal nine months ended September 25, 2021 and September 26, 2020.