Earnings Per Share

12 Months Ended

Jan. 02, 2016

Basic earnings per share (“EPS”) was computed by dividing net income by the number of weighted average shares of common stock outstanding during the period. Diluted EPS was calculated to give effect to all potentially dilutive shares of common stock using the treasury stock method. On March 3, 2015, the Company implemented a four-for-one stock split on the Company’s common stock in the form of a 300% stock dividend. All references to the number of shares outstanding, per share amounts and share options data of the Company’s common shares have been restated to reflect the effect of the split for all periods presented.

The reconciliation of basic to diluted weighted average shares outstanding is as follows:



	Years Ended
	January 2, 2016	January 3, 2015	December 28, 2013
Basic weighted average shares outstanding	399,891	402,300	399,436
Effect of potentially dilutive securities:
Stock options	2,719	4,452	6,144
Restricted stock units	1,009	1,292	1,708
Employee stock purchase plan and other	40	—	4
Diluted weighted average shares outstanding	403,659	408,044	407,292

Restricted stock units totaling 348, 376 and 824 units were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive for 2015, 2014, and 2013, respectively. In 2015, 2014 and 2013, there were no anti-dilutive options to purchase shares of common stock.