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Net Income Per Share (Tables)
6 Months Ended
Jun. 26, 2015
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted 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 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