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Net Income Per Share | 9 Months Ended
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Sep. 27, 2020
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share Basic net income per share was computed by dividing net income amounts by the weighted average number of shares of common stock outstanding. The weighted average number of shares used to calculate basic and diluted net income per share were as follows:
| Three Months Ended |  | Nine Months Ended
| September 27, 2020 |  | September 29, 2019 |  | September 27, 2020 |  | September 29, 2019
Common stock: |  |  |  |  |  |  |
Weighted average basic shares outstanding | 223,907 |  |  | 230,723 |  |  | 223,521 |  |  | 230,779 |
Dilutive effect of stock options and restricted shares | 4,410 |  |  | 4,995 |  |  | 4,312 |  |  | 5,122 |
Weighted average diluted shares outstanding | 228,317 |  |  | 235,718 |  |  | 227,833 |  |  | 235,901 |
Diluted net income per share for the three and nine months ended September 27, 2020 and September 29, 2019 was computed by dividing net income by the weighted average number of basic shares outstanding plus the potential common share effect of dilutive stock options and restricted shares. We excluded potential common shares of 1,049 and 2,117 for the three and nine months ended September 27, 2020, respectively, and 3,257 and 2,488 for the three and nine months ended September 29, 2019, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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