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Net Income Per Share
 6 Months Ended
Jun. 27, 2014
Earnings Per Share [Abstract]  
Net Income Per Share (Text Block)
Net Income Per Share

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

 
 
Three Months Ended
 
Six Months Ended
(In thousands, except per share amounts)
 
June 27,
2014
 
June 28,
2013
 
June 27,
2014
 
June 28,
2013
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
127,004

 
$
101,509

 
$
243,518

 
$
221,698

Basic weighted shares outstanding
 
311,000

 
320,472

 
313,713

 
320,175

Net income per share
 
$
0.41

 
$
0.32

 
$
0.78

 
$
0.69

 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
127,004

 
$
101,509

 
$
243,518

 
$
221,698

 
 
 
 
 
 
 
 
 
Weighted shares outstanding
 
311,000

 
320,472

 
313,713

 
320,175

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options, employee stock purchase plan, and restricted stock unit shares
 
2,513

 
3,055

 
2,432

 
3,104

 
 
 
 
 
 
 
 
 
Diluted weighted shares outstanding
 
313,513

 
323,527

 
316,145

 
323,279

 
 
 
 
 
 
 
 
 
Net income per share
 
$
0.41

 
$
0.31

 
$
0.77

 
$
0.69



In applying the treasury stock method, we excluded 2.2 million and 2.0 million stock option shares and restricted stock unit (including performance-based restricted stock unit) shares for the three and six months ended June 27, 2014, respectively, and 2.2 million and 1.9 million stock option shares and restricted stock unit (including performance-based restricted stock unit) shares for the three and six months ended June 28, 2013, respectively, because their effect was anti-dilutive. While these shares have been anti-dilutive, they could be dilutive in the future.