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Earnings Per Share (Tables)
6 Months Ended
Jul. 02, 2017
Earnings Per Share [Abstract]  
Basic and diluted weighted average shares outstanding
Basic and diluted weighted average shares outstanding were as follows (in thousands):
 
Three Months Ended
Six Months Ended
 
July 2, 2017
July 3, 2016
July 2, 2017
July 3, 2016
Basic weighted average shares
      outstanding
299,790

304,470

300,780

306,199

Dilutive effect of stock options and restricted stock/RSUs*
5,560

5,738

5,560

5,610

Diluted weighted average shares outstanding
305,350

310,208

306,340

311,809


* Excludes outstanding options to purchase shares of common stock that had exercise prices in excess of the average market price of our common stock during the period and, therefore, the effect of including these options would be antidilutive. These options totaled 1,846 and 1,251 for the three- and six-month periods ended July 2, 2017, and 4,664 and 3,792 for the three- and six-month periods ended July 3, 2016, respectively.