Income Per Share

3 Months Ended

Mar. 29, 2013

Earnings Per Share [Abstract]

Income Per Share

Income Per Share

A reconciliation of basic and diluted income per share is presented below:

	Three Months Ended
(In thousands, except per share amounts)	March 29, 2013		March 30, 2012
Basic:
Net income	$	120,189	$	115,834
Basic weighted shares outstanding	319,867		322,586
Net income per share	$	0.38	$	0.36
Diluted:
Net income	$	120,189	$	115,834
Weighted shares outstanding	319,867		322,586
Effect of dilutive securities:
Stock options, employee stock purchase plan, and restricted stock unit shares	3,154		4,475
Diluted weighted shares outstanding	323,021		327,061
Net income per share	$	0.37	$	0.35

In applying the treasury stock method, we excluded 1.6 million and 0.9 million stock option shares and restricted stock unit shares for the three months ended March 29, 2013 and March 30, 2012, respectively, because their effect was anti-dilutive. While these shares have been anti-dilutive, they could be dilutive in the future.