Net Income Per Share

9 Months Ended

Sep. 25, 2015

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

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

	Three Months Ended				Nine Months Ended
(In thousands, except per share amounts)	September 25, 2015		September 26, 2014		September 25, 2015		September 26, 2014
Basic:
Net income	$	61,518	$	118,009	$	226,709	$	361,527
Basic weighted shares outstanding	302,707		308,215		301,950		311,853
Net income per share	$	0.20	$	0.38	$	0.75	$	1.16
Diluted:
Net income	$	61,518	$	118,009	$	226,709	$	361,527
Weighted shares outstanding	302,707		308,215		301,950		311,853
Effect of dilutive securities:
Stock options, employee stock purchase plan, and restricted stock unit shares	2,630		1,969		2,471		2,277
Diluted weighted shares outstanding	305,337		310,184		304,421		314,130
Net income per share	$	0.20	$	0.38	$	0.74	$	1.15

In applying the treasury stock method, we excluded 0.4 million stock option shares and restricted stock unit shares (including performance-based restricted stock unit shares) for the nine months ended September 25, 2015, and 1.3 million and 1.8 million stock option shares and restricted stock unit shares (including performance-based restricted stock unit shares) for the three and nine months ended September 26, 2014, respectively, because their effect was anti-dilutive. No stock option shares or restricted stock unit shares (including performance-based restricted stock unit shares) were excluded for the three months ended September 25, 2015.