Earnings Per Share

6 Months Ended

Jul. 01, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding during the period less restricted unvested shares. Diluted earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding plus all potentially dilutive common stock equivalents, primarily shares issuable upon the exercise of stock options using the treasury stock method. The following table reconciles the number of shares utilized in the earnings per share calculations:

	Three Months Ended		Six Months Ended
	July 1, 2012	July 3, 2011	July 1, 2012	July 3, 2011
	(In thousands)
Number of common shares—basic	113,515	112,494	113,306	113,246
Effect of dilutive securities:
Stock options	824	995	825	1,007
Restricted stock awards	239	134	217	128
Number of common shares—diluted	114,578	113,623	114,348	114,381
Number of potentially dilutive securities excluded from calculation due to antidilutive impact	1,457	714	1,482	1,318

Antidilutive options were excluded from the calculation of diluted net income per share and could become dilutive in the future.