Income Per Share

12 Months Ended

Dec. 29, 2019

Earnings Per Share [Abstract]

Income Per Share

Income Per Share

Basic income per share for 2019, 2018 and 2017 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 income per share were as follows:

	Year Ended
	2019	2018	2017
Common stock:
Weighted average basic shares outstanding	229,944	237,797	244,179
Dilutive effect of stock options and restricted shares	5,131	7,166	8,110
Weighted average diluted shares outstanding	235,075	244,963	252,289

Diluted net income per share 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 2,518, 1,520 and 1,168 for 2019, 2018 and 2017, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.