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Net Income Per Share
9 Months Ended
Sep. 27, 2015
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share

Basic net income per share was computed by dividing net income amounts by the weighted average number of common shares outstanding.

The weighted average number of shares used to calculate basic and diluted net income per share were as follows:
 
Three Months Ended
 
Nine Months Ended
 
September 27,
2015
 
September 28,
2014
 
September 27,
2015
 
September 28,
2014
Common stock:
 
 
 
 
 
 
 
Weighted average basic shares outstanding
292,256

 
366,880

 
340,869

 
371,714

Dilutive effect of stock options and restricted shares
4,695

 
5,272

 
6,032

 
6,178

Weighted average diluted shares outstanding
296,951

 
372,152

 
346,901

 
377,892



Diluted net income per share for the three and nine months ended September 27, 2015 and September 28, 2014 was computed by dividing net income by the weighted average number of basic shares outstanding plus the potential common share effect of dilutive stock options and restricted shares. We excluded potential common shares of 3,118 and 1,439 for the three and nine months ended September 27, 2015, respectively, and 3,886 and 4,833 for the three and nine months ended September 28, 2014, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.