Net Income Per Share

3 Months Ended

Mar. 29, 2020

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
	March 29, 2020	March 31, 2019
Common stock:
Weighted average basic shares outstanding	223,533	230,584
Dilutive effect of stock options and restricted shares	4,474	5,310
Weighted average diluted shares outstanding	228,007	235,894

Diluted net income per share for the three months ended March 29, 2020 and March 31, 2019 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 2,667 and 2,158 for the three months ended March 29, 2020 and March 31, 2019, respectively, from our diluted net income per share calculation as they would have had anti-dilutive effects.