Net Income Per Share

3 Months Ended

Mar. 26, 2016

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 26, 2016						Fiscal three months ended March 28, 2015
	Income		Shares	Per Share Amount			Income		Shares	Per Share  Amount
Basic net income per share:	$	67,668	133,630	$	0.51		$	58,040	136,347	$	0.43
Dilutive stock options and restricted stock units outstanding	—		1,079	(0.01		)	—		1,388	(0.01		)
Diluted net income per share:	$	67,668	134,709	$	0.50		$	58,040	137,735	$	0.42

Anti-dilutive stock options excluded from the above calculations totaled approximately 1.3 million and 0.6 million shares for the three months ended March 26, 2016 and March 28, 2015, respectively.