Net Income Per Share

12 Months Ended

Dec. 28, 2014

Earnings Per Share [Abstract]

Net Income Per Share

Net Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):

	Fiscal years ended
	December 28, 2014		December 29, 2013		December 30, 2012
Numerator for basic net income per share:
Net income	$	1,007,446	$	1,042,657	$	417,404
Denominator for basic net income per share:
Weighted-average common shares outstanding	222,714		234,886		242,076
Basic net income per share	$	4.52	$	4.44	$	1.72
Numerator for diluted net income per share:
Net income	$	1,007,446	$	1,042,657	$	417,404
Denominator for diluted net income per share:
Weighted-average common shares outstanding	222,714		234,886		242,076
Incremental common shares attributable to exercise of outstanding employee stock options, SARs and ESPP (assuming proceeds would be used to purchase common stock), and RSUs	3,419		3,263		3,177
1.5% Notes due 2017	8,261		2,087		—
Warrants issued in conjunction with the 1.5% Notes due 2017	3,815		—		—
Shares used in computing diluted net income per share	238,209		240,236		245,253
Diluted net income per share	$	4.23	$	4.34	$	1.70
Anti-dilutive shares excluded from net income per share calculation	33,672		53,485		70,309

Basic earnings per share exclude any dilutive effects of stock options, SARs, RSUs, warrants and convertible debt. Diluted earnings per share include the dilutive effects of stock options, SARs, RSUs, ESPP, the 1.5% Notes due 2017 and warrants issued in conjunction with the 1.5% Notes due 2017. Certain common stock issuable under stock options, RSUs, the 0.5% Notes due 2020 and warrants issued in conjunction with the 0.5% Notes due 2020, has been omitted from the current year diluted net income per share calculation because the inclusion is considered anti-dilutive. Certain common stock issuable under stock options, SARs, RSUs, the 1% Notes due 2013, the 1.5% Notes due 2017, the 0.5% Notes due 2020, and warrants issued in conjunction with the 1% Notes due 2013, the 1.5% Notes due 2017 and the 0.5% Notes due 2020, has been omitted from the prior year diluted net income per share calculation because the inclusion is considered anti-dilutive.