XML 134 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 12 Months Ended
Dec. 28, 2013
Earnings Per Share
Note 17. Earnings Per Share

On May 22, 2013, the board of directors declared a 3-for-2 stock split of the company’s common stock. The record date for the split was June 5, 2013, and new shares were issued on June 19, 2013. All share and per share information has been restated for all prior periods presented giving retroactive effect to the stock split.

 

The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for fiscal years 2013, 2012, and 2011 (amounts in thousands, except per share data):

 

     Fiscal
2013		      Fiscal
2012		      Fiscal
2011		  

Net income

    $ 230,894       $ 136,121       $ 123,428   
  

 

 

     

 

 

     

 

 

  

Basic Earnings Per Common Share:

         

Weighted average shares outstanding for common stock

      207,935         205,005         203,015   

Weighted average shares outstanding for participating securities

      —         —         66   
  

 

 

     

 

 

     

 

 

  

Basic weighted average shares outstanding per common share

      207,935         205,005         203,081   
  

 

 

     

 

 

     

 

 

  

Basic earnings per common share

    $ 1.11       $ 0.66       $ 0.61   
  

 

 

     

 

 

     

 

 

  

Diluted Earnings Per Common Share:

         

Basic weighted average shares outstanding per common share

      207,935         205,005         203,081   

Add: Shares of common stock assumed issued upon exercise of stock options, vesting of performance-contingent restricted stock and deferred stock

      3,992         2,669         2,241   
  

 

 

     

 

 

     

 

 

  

Diluted weighted average shares outstanding per common share

      211,927         207,674         205,322   
  

 

 

     

 

 

     

 

 

  

Diluted earnings per common share

    $ 1.09       $ 0.66       $ 0.60   
  

 

 

     

 

 

     

 

 

  

There were no anti-dilutive shares for fiscal years 2013, 2012, or 2011.