Net Income Per Share

3 Months Ended

Apr. 03, 2016

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
	April 3, 2016	March 29, 2015
Common stock:
Weighted average basic shares outstanding	270,214	366,584
Dilutive effect of stock options and restricted shares	4,536	6,624
Weighted average diluted shares outstanding	274,750	373,208

Diluted net income per share for the three months ended April 3, 2016 and March 29, 2015 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 3,726 and 765 for the three months ended April 3, 2016 and March 29, 2015, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.