Net Income Per Share

9 Months Ended

Sep. 29, 2012

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share:

We present both basic and diluted earnings per share (“EPS”) on the face of the consolidated statements of income.  Basic EPS is calculated as income available to common stockholders divided by the weighted average number of shares outstanding during the period.  There were no participating securities other than common stock during the fiscal three and nine months ended September 29, 2012 and September 24, 2011.  Diluted EPS is calculated using the weighted average outstanding common shares and the treasury stock method for options and restricted stock units.

Net income per share is calculated as follows (in thousands, except per share amounts):

	Fiscal three months ended September 29, 2012						Fiscal three months ended September 24, 2011
	Income		Shares	Per Share Amount			Income		Shares	Per Share  Amount
Basic net income per share:
Net income	$	50,021	70,741	$	0.71		$	42,733	71,226	$	0.60
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,572	(0.02		)	—		2,117	(0.02		)
Net income	$	50,021	72,313	$	0.69		$	42,733	73,343	$	0.58

	Fiscal nine months ended September 29, 2012						Fiscal nine months ended September 24, 2011
	Income		Shares	Per Share Amount			Income		Shares	Per Share  Amount
Basic net income per share:
Net income	$	196,970	71,383	$	2.76		$	152,228	71,988	$	2.11
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,715	(0.07		)	—		2,170	(0.06		)
Net income	$	196,970	73,098	$	2.69		$	152,228	74,158	$	2.05

Anti-dilutive stock options excluded from the above calculations totaled approximately 0.4 million for each of the three months ended September 29, 2012 and September 24, 2011 and 0.5 million for each of the nine months ended September 29, 2012 and September 24, 2011.