Net Income Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

Basic net income per share was computed by dividing net income amounts by the weighted average number of shares of common stock outstanding.

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

	Three Months Ended		Six Months Ended
	June 30, 2019	July 1, 2018	June 30, 2019	July 1, 2018
Common stock:
Weighted average basic shares outstanding	231,029	238,991	230,807	239,459
Dilutive effect of stock options and restricted shares	5,064	7,161	5,186	7,826
Weighted average diluted shares outstanding	236,093	246,152	235,993	247,285

Diluted net income per share for the three and six months ended June 30, 2019 and July 1, 2018 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 2,049 and 2,104 for the three and six months ended June 30, 2019, respectively, and 27 and 1,369 for the three and six months ended July 1, 2018, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.