Net Income Per Share

9 Months Ended

Sep. 29, 2019

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 29, 2019	September 30, 2018	September 29, 2019	September 30, 2018
Common stock:
Weighted average basic shares outstanding	230,723	237,696	230,779	238,872
Dilutive effect of stock options and restricted shares	4,995	7,070	5,122	7,574
Weighted average diluted shares outstanding	235,718	244,766	235,901	246,446

Diluted net income per share for the three and nine months ended September 29, 2019 and September 30, 2018 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 3,257 and 2,488 for the three and nine months ended September 29, 2019, respectively, and 1,121 and 1,287 for the three and nine months ended September 30, 2018, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.