Net Income Per Share

9 Months Ended

Sep. 28, 2013

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share:

We present both basic and diluted net income per share on the face of the unaudited condensed consolidated statements of income.  Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period.  Diluted net income per share is calculated by dividing net income by the weighted average dilutive shares outstanding. Dilutive shares are computed using the treasury stock method for stock options and restricted stock units. Net income per share is calculated as follows (in thousands, except per share amounts):

	Fiscal three months ended September 28, 2013					Fiscal three months ended September 29, 2012
	Income		Shares	Per Share Amount		Income		Shares	Per Share  Amount
Basic net income per share:
Net income	$	64,767	139,524	$	0.46	$	50,021	141,482	$	0.35
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		2,202	—		—		3,144	—
Net income	$	64,767	141,726	$	0.46	$	50,021	144,626	$	0.35

	Fiscal nine months ended September 28, 2013						Fiscal nine months ended September 29, 2012
	Income		Shares	Per Share Amount			Income		Shares	Per Share  Amount
Basic net income per share:
Net income	$	232,353	139,304	$	1.67		$	196,970	142,766	$	1.38
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		2,385	(0.03		)	—		3,430	(0.03		)
Net income	$	232,353	141,689	$	1.64		$	196,970	146,196	$	1.35

Anti-dilutive stock options excluded from the above calculations totaled approximately 0.7 million and 0.8 million for the three months ended September 28, 2013 and September 29, 2012, respectively, and 1.2 million and 0.9 million for the nine months ended September 28, 2013 and September 29, 2012, respectively.