Net Income Per Share

6 Months Ended

Jun. 26, 2015

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 26, 2015		June 27, 2014		June 26, 2015		June 27, 2014

Basic:
Net income	$	70,339	$	127,004	$	165,191	$	243,518
Basic weighted shares outstanding	301,799		311,000		301,561		313,713
Net income per share	$	0.23	$	0.41	$	0.55	$	0.78

Diluted:
Net income	$	70,339	$	127,004	$	165,191	$	243,518

Weighted shares outstanding	301,799		311,000		301,561		313,713
Effect of dilutive securities:
Stock options, employee stock purchase plan, and restricted stock unit shares	2,805		2,513		2,390		2,432

Diluted weighted shares outstanding	304,604		313,513		303,951		316,145

Net income per share	$	0.23	$	0.41	$	0.54	$	0.77

In applying the treasury stock method, we excluded 0.1 million and 0.7 million stock option shares and restricted stock unit shares (including performance-based restricted stock unit shares) for the three and six months ended June 26, 2015, respectively, and 2.2 million and 2.0 million stock option shares and restricted stock unit shares (including performance-based restricted stock unit shares) for the three and six months ended June 27, 2014, respectively, because their effect was anti-dilutive.