Net Income Per Share

9 Months Ended

Oct. 01, 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		Nine Months Ended
	October 1, 2017	October 2, 2016	October 1, 2017	October 2, 2016
Common stock:
Weighted average basic shares outstanding	243,354	260,976	245,073	265,702
Dilutive effect of stock options and restricted shares	8,383	3,832	8,103	4,239
Weighted average diluted shares outstanding	251,737	264,808	253,176	269,941

Diluted net income per share for the three and nine months ended October 1, 2017 and October 2, 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 1,617 and 618 for the three and nine months ended October 1, 2017, respectively, and 2,233 and 2,072 for the three and nine months ended October 2, 2016, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.