Net Income per Share

9 Months Ended

Oct. 01, 2016

Earnings Per Share [Abstract]

Net Income per Share [Text Block]

Net Income per Share

The following table presents the computation of net income per share on a basic and diluted basis (shares in thousands):

	Quarter Ended				Nine Months Ended
	October 1, 2016		September 26, 2015		October 1, 2016		September 26, 2015
Net income attributable to shareholders	$	117,727	$	109,244	$	358,232	$	339,234
Weighted-average shares outstanding - basic	90,937		94,302		91,412		95,277
Net effect of various dilutive stock-based compensation awards	1,001		1,061		1,075		1,025
Weighted-average shares outstanding - diluted	91,938		95,363		92,487		96,302
Net income per share:
Basic	$	1.29	$	1.16	$	3.92	$	3.56
Diluted (a)	$	1.28	$	1.15	$	3.87	$	3.52

(a) Stock-based compensation awards for the issuance of 824 and 821 shares for the third quarter and first nine months of 2016 and 759 and 656 shares for the third quarter and first nine months of 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.