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 Netincome 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.