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Earnings Per Share
 9 Months Ended
Sep. 29, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table sets forth the computation for basic and diluted earnings per share (in thousands, except per share amounts):
 
 
Three months ended
 
Nine months ended
 
September 29,
2013
 
September 30,
2012
 
September 29,
2013
 
September 30,
2012
Numerator:
 
 
 
 
 
 
 
Net income used in computing basic and diluted earnings per share
$
162,716

 
$
134,001

 
$
658,584

 
$
553,286

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted-average common shares
221,936

 
226,020

 
223,134

 
227,953

Effect of dilutive securities - employee stock compensation plan
1,550

 
1,969

 
1,562

 
2,117

Denominator for diluted earnings per share - adjusted weighted-average shares outstanding
223,486

 
227,989

 
224,696

 
230,070

Earnings per common share
 
 
 
 
 
 
 
Basic
$
0.73

 
$
0.59

 
$
2.95

 
$
2.43

Diluted
$
0.73

 
$
0.59

 
$
2.93

 
$
2.40


Outstanding options to purchase 0.9 million and 2.2 million shares of common stock for the three months ended September 29, 2013 and September 30, 2012, respectively, and 1.1 million and 2.3 million shares of common stock for the nine months ended September 29, 2013 and September 30, 2012, respectively, were not included in the Company’s computation of dilutive securities because the exercise price was greater than the market price and therefore the effect would have been anti-dilutive.
The Company has a share-based compensation plan under which employees may be granted share-based awards including shares of restricted stock and restricted stock units (RSUs). Non-forfeitable dividends are paid on unvested shares of restricted stock and non-forfeitable dividend equivalents are paid on unvested RSUs. As such, shares of restricted stock and RSUs are considered participating securities under the two-class method of calculating earnings per share as described in ASC Topic 260, “Earnings per Share.” The two-class method of calculating earnings per share did not have a material impact on the Company’s earnings per share calculation for the three and nine month periods ending September 29, 2013 and September 30, 2012, respectively.