Net Income Per Share

3 Months Ended

Apr. 01, 2012

Earnings Per Share [Abstract]

Net Income Per Share

Net Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):

	Three months ended
	April 1, 2012		April 3, 2011
Numerator for basic net income per share:
Net income	$	114,385	$	224,124
Denominator for basic net income per share:
Weighted average common shares outstanding	242,883		237,473
Basic net income per share	$	0.47	$	0.94
Numerator for diluted net income per share:
Net income	$	114,385	$	224,124
Denominator for diluted net income per share:
Weighted average common shares outstanding	242,883		237,473
Incremental common shares attributable to exercise of outstanding employee stock options, SARs and warrants (assuming proceeds would be used to purchase common stock), and RSUs	4,219		5,931
Shares used in computing diluted net income per share	247,102		243,404
Diluted net income per share	$	0.46	$	0.92
Anti-dilutive shares excluded from net income per share calculation	68,352		71,807

Basic earnings per share exclude any dilutive effects of stock options, SARs, RSUs, warrants and convertible debt. Diluted earnings per share include the dilutive effects of stock options, SARs and RSUs. Certain common stock issuable under stock options, SARs, warrants, the 1% Notes due 2013 and the 1.5% Notes due 2017 have been omitted from the diluted net income per share calculation because their inclusion is considered anti-dilutive.