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Net Income Per Share
 6 Months Ended
Jun. 29, 2014
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
 
Six months ended
 
June 29,
2014
 
June 30,
2013
 
June 29,
2014
 
June 30,
2013
Numerator for basic net income per share:
 
 
 
 
 
 
 
Net income
$
273,946

 
$
261,789

 
$
542,894

 
$
428,018

Denominator for basic net income per share:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
225,544

 
241,519

 
225,694

 
242,019

Basic net income per share
$
1.21

 
$
1.08

 
$
2.41

 
$
1.77

 
 
 
 
 
 
 
 
Numerator for diluted net income per share:
 
 
 
 
 
 
 
Net income
$
273,946

 
$
261,789

 
$
542,894

 
$
428,018

Denominator for diluted net income per share:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
225,544

 
241,519

 
225,694

 
242,019

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
3,069

 
2,733

 
3,326

 
3,083

1.5% Notes due 2017
8,284

 
1,563

 
7,158

 
467

Warrants
3,859

 
—

 
2,285

 
—

Shares used in computing diluted net income per share
240,756

 
245,815

 
238,463

 
245,569

Diluted net income per share
$
1.14

 
$
1.06

 
$
2.28

 
$
1.74

 
 
 
 
 
 
 
 
Anti-dilutive shares excluded from net income per share calculation
33,500

 
32,515

 
33,240

 
34,670



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, warrants and the 1.5% Notes due 2017. Certain common stock issuable under stock options, SARs, RSUs, warrants and the 0.5% Notes due 2020 has been omitted from the current year diluted net income per share calculation because the inclusion is considered anti-dilutive. Certain common stock issuable under stock options, SARs, RSUs, warrants, the 1% Notes due 2013 and the 1.5% Notes due 2017 has been omitted from the prior year diluted net income per share calculation because the inclusion is considered anti-dilutive.