Income (Loss) Per Share

12 Months Ended

Jan. 01, 2017

Income Per Share

Basic income per share for 2016, 2015 and 2014 was computed by dividing income amounts by the weighted average number of common shares outstanding. Income amounts used to calculate basic and diluted income per share were as follows:



	Year Ended
	2016		2015		2014
Income from continuing operations	$	129,624	$	139,979	$	116,424
Net income from discontinued operations	—		21,163		5,010
Net income	$	129,624	$	161,142	$	121,434

The weighted average number of shares used to calculate basic and diluted income per share were as follows:



	Year Ended
	2016	2015	2014
Common stock:
Weighted average basic shares outstanding	262,209	323,018	370,160
Dilutive effect of stock options and restricted shares	4,503	5,707	6,022
Weighted average diluted shares outstanding	266,712	328,725	376,182

Diluted income per share was computed by dividing 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 1,558, 2,323 and 4,946 for 2016, 2015 and 2014, respectively, from our diluted income per share calculation as they would have had anti-dilutive effects.