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Earnings Per Share
9 Months Ended
Oct. 01, 2011
Earnings Per Share [Abstract] 
Earnings Per Share

8  Earnings Per Share

 

Basic and diluted earnings per share (“EPS”) calculations are detailed as follows (in thousands, except per share data):

    Three Months Ended October 1, 2011
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $101,257  90,688 $1.12
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     1,372   
Net income per diluted common share $101,257  92,060 $1.10

    Three Months Ended October 2, 2010
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $94,719  91,714 $1.03
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     1,572   
Net income per diluted common share $94,719  93,286 $1.02

    Nine Months Ended October 1, 2011
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $295,821  91,334 $3.24
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     1,564   
Net income per diluted common share $295,821  92,898 $3.18

    Nine Months Ended October 2, 2010
    Net Income Weighted-Average Shares Per Share
    (Numerator) (Denominator) Amount
Net income per basic common share $255,159  92,647 $2.75
Effect of dilutive stock option, restricted         
 stock and restricted stock unit securities     1,624   
Net income per diluted common share $255,159  94,271 $2.71

For both the three and nine months ended October 1, 2011, the Company had 0.7 million stock options that were antidilutive due to having higher exercise prices than the Company's average stock price during the period. For both the three and nine months ended October 2, 2010, the Company had 1.8 million stock options that were antidilutive. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury stock method.