Net Income Per Share

3 Months Ended

Apr. 02, 2017

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 2, 2017	April 3, 2016
Common stock:
Weighted average basic shares outstanding	246,606	270,214
Dilutive effect of stock options and restricted shares	7,633	4,536
Weighted average diluted shares outstanding	254,239	274,750

Diluted net income per share for the three months ended April 2, 2017 and April 3, 2016 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 132 and 3,726 for the three months ended April 2, 2017 and April 3, 2016, respectively, from our diluted net income per share calculation, as they would have had anti-dilutive effects.