Net Income Per Share

9 Months Ended

Sep. 29, 2013

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				Nine months ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
Numerator for basic net income per share:
Net income	$	276,859	$	76,507	$	704,877	$	203,861
Denominator for basic net income per share:
Weighted average common shares outstanding	230,253		241,694		238,097		242,284
Basic net income per share	$	1.20	$	0.32	$	2.96	$	0.84
Numerator for diluted net income per share:
Net income	$	276,859	$	76,507	$	704,877	$	203,861
Denominator for diluted net income per share:
Weighted average common shares outstanding	230,253		241,694		238,097		242,284
Incremental common shares attributable to exercise of outstanding employee stock options, SARs and ESPP (assuming proceeds would be used to purchase common stock), and RSUs	2,640		2,527		3,063		3,218
1.5% Notes due 2017	2,139		—		1,110		—
Shares used in computing diluted net income per share	235,032		244,221		242,270		245,502
Diluted net income per share	$	1.18	$	0.31	$	2.91	$	0.83
Anti-dilutive shares excluded from net income per share calculation	20,906		71,653		22,831		70,322

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, RSUs, ESPP and the 1.5% Notes due 2017. Certain common stock issuable under stock options, SARs and warrants have been omitted from the current year diluted net income per share calculation because their inclusion is considered anti-dilutive. 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 prior year diluted net income per share calculation because their inclusion is considered anti-dilutive.