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Net Income Per Share
 12 Months Ended
Nov. 29, 2013
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME PER SHARE
Basic net income per share is computed using the weighted average number of common shares outstanding for the period, excluding unvested restricted stock. Diluted net income per share is based upon the weighted average common shares outstanding for the period plus dilutive potential common shares, including unvested restricted stock and stock options using the treasury stock method.
The following table sets forth the computation of basic and diluted net income per share for fiscal 2013, 2012 and 2011 (in thousands, except per share data):
 
 
2013
 
2012
 
2011
Net income
 
$
289,985

 
$
832,775

 
$
832,847

Shares used to compute basic net income per share
 
501,372

 
494,731

 
497,469

Dilutive potential common shares:
 
 
 
 
 
 
Unvested restricted stock and performance share awards
 
8,736

 
7,624

 
4,214

Stock options
 
3,368

 
366

 
2,238

Shares used to compute diluted net income per share
 
513,476

 
502,721

 
503,921

Basic net income per share
 
$
0.58

 
$
1.68

 
$
1.67

Diluted net income per share
 
$
0.56

 
$
1.66

 
$
1.65


For fiscal 2013, options to purchase shares of common stock with exercise prices greater than the average fair market value of our stock of $45.08 were not included in the calculation because the effect would have been anti-dilutive. The number of shares of common stock under these options was immaterial. For fiscal 2012 and 2011 options to purchase approximately 19.4 million and 27.1 million shares, respectively, of common stock with exercise prices greater than the annual average fair market value of our stock of $31.98 and $30.27, respectively, were not included in the calculation because the effect would have been anti-dilutive.