Net Income Per Share

3 Months Ended

Mar. 29, 2014

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share:

The Company presents 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 diluted 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 March 29, 2014					Fiscal three months ended March 30, 2013
	Income		Shares	Per Share Amount		Income		Shares	Per Share  Amount
Basic net income per share:
Net income	$	48,809	139,118	$	0.35	$	44,006	138,896	$	0.32
Diluted net income per share:
Dilutive stock options and restricted stock units outstanding	—		1,914	—		—		2,714	(0.01		)
Net income	$	48,809	141,032	$	0.35	$	44,006	141,610	$	0.31

Anti-dilutive stock options excluded from the above calculations totaled approximately 0.6 million and 1.3 million for the three months ended March 29, 2014 and March 30, 2013, respectively.