| Net Income Per Share |
Net Income per Share
The following table sets forth the computation of basic and diluted net income per share: | | | | | | | | | | | | | | | | | | Three months ended | | Six months ended | | June 28,
2015 | | June 29,
2014 | | June 28,
2015 | | June 29,
2014 | | (In thousands, except per share amounts) | Numerator for basic net income per share: | | | | | | | | Net income | $ | 80,973 |
| | $ | 273,946 |
| | $ | 119,998 |
| | $ | 542,894 |
| Denominator for basic net income per share: | | | | | | | | Weighted-average common shares outstanding | 206,737 |
| | 225,544 |
| | 209,083 |
| | 225,694 |
| Basic net income per share | $ | 0.39 |
| | $ | 1.21 |
| | $ | 0.57 |
| | $ | 2.41 |
| | | | | | | | | Numerator for diluted net income per share: | | | | | | | | Net income | $ | 80,973 |
| | $ | 273,946 |
| | $ | 119,998 |
| | $ | 542,894 |
| Denominator for diluted net income per share: | | | | | | | | Weighted-average common shares outstanding | 206,737 |
| | 225,544 |
| | 209,083 |
| | 225,694 |
| 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 | 1,267 |
| | 3,069 |
| | 2,243 |
| | 3,326 |
| 1.5% Notes due 2017 | 4,708 |
| | 8,284 |
| | 6,246 |
| | 7,158 |
| Warrants issued in conjunction with the 1.5% Notes due 2017 | — |
| | 3,859 |
| | 918 |
| | 2,285 |
| Shares used in computing diluted net income per share | 212,712 |
| | 240,756 |
| | 218,490 |
| | 238,463 |
| Diluted net income per share | $ | 0.38 |
| | $ | 1.14 |
| | $ | 0.55 |
| | $ | 2.28 |
| | | | | | | | | Anti-dilutive shares excluded from net income per share calculation | 56,687 |
| | 33,500 |
| | 36,021 |
| | 33,240 |
|
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, the 1.5% Notes due 2017 and warrants issued in conjunction with the 1.5% Notes due 2017. Certain common stock issuable under stock options, RSUs, the 0.5% Notes due 2020 and warrants issued in conjunction with the 0.5% Notes due 2020, have been omitted from the current and prior year diluted net income per share calculation because the inclusion is considered anti-dilutive. |