Income Per Share

3 Months Ended

Mar. 28, 2014

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 28, 2014		March 29, 2013
Basic:
Net income	$	116,514	$	120,189
Basic weighted shares outstanding	316,552		319,867
Net income per share	$	0.37	$	0.38
Diluted:
Net income	$	116,514	$	120,189
Weighted shares outstanding	316,552		319,867
Effect of dilutive securities:
Stock options, employee stock purchase plan, and restricted stock unit shares	2,349		3,154
Diluted weighted shares outstanding	318,901		323,021
Net income per share	$	0.37	$	0.37

In applying the treasury stock method, we excluded 1.9 million and 1.6 million stock option shares and restricted stock unit (including performance-based restricted stock unit) shares for the three months ended March 28, 2014 and March 29, 2013, respectively, because their effect was anti-dilutive. While these shares have been anti-dilutive, they could be dilutive in the future.