Net Income Per Share

9 Months Ended

Oct. 02, 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		Nine Months Ended
	October 2, 2016	September 27, 2015	October 2, 2016	September 27, 2015
Common stock:
Weighted average basic shares outstanding	260,976	292,256	265,702	340,869
Dilutive effect of stock options and restricted shares	3,832	4,695	4,239	6,032
Weighted average diluted shares outstanding	264,808	296,951	269,941	346,901

Diluted net income per share for the three and nine months ended October 2, 2016 and September 27, 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 2,233 and 2,072 for the three and nine months ended October 2, 2016, respectively, and 3,118 and 1,439 for the three and nine months ended September 27, 2015, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.