Income Per Share

12 Months Ended

Jan. 03, 2021

Earnings Per Share [Abstract]

Income Per Share

Income Per Share

Basic income per share for 2020, 2019 and 2018 was computed by dividing net income amounts by the weighted average number of common shares outstanding.

The weighted average number of shares used to calculate basic and diluted income per share were as follows:

	Year Ended
	2020	2019	2018
Common stock:
Weighted average basic shares outstanding	223,684	229,944	237,797
Dilutive effect of stock options and restricted shares	4,330	5,131	7,166
Weighted average diluted shares outstanding	228,014	235,075	244,963

Diluted net income per share 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 2,064, 2,518 and 1,520 for 2020, 2019 and 2018, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.