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Net Income Per Share
6 Months Ended
Jun. 01, 2012
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME PER SHARE
 
The following table sets forth the computation of basic and diluted net income per share for the three and six months ended June 1, 2012 and June 3, 2011 (in thousands, except per share data):
 
Three Months
 
Six Months
 
2012
 
2011
 
2012
 
2011
Net income
$
223,876

 
$
229,436

 
$
409,085

 
$
464,027

Shares used to compute basic net income per share
495,950

 
499,686

 
494,983

 
501,910

Dilutive potential common shares:
 
 
 
 
 
 
 
Unvested restricted stock and performance share awards
2,614

 
2,989

 
4,622

 
3,999

Stock options
2,813

 
3,605

 
2,549

 
3,663

Shares used to compute diluted net income per share
501,377

 
506,280

 
502,154

 
509,572

Basic net income per share
$
0.45

 
$
0.46

 
$
0.83

 
$
0.92

Diluted net income per share
$
0.45

 
$
0.45

 
$
0.81

 
$
0.91


For the three and six months ended June 1, 2012, options to purchase approximately 18.3 million and 21.4 million shares of common stock with exercise prices greater than the average fair market value of our stock of $33.02 and $31.61, respectively, were not included in the calculation because the effect would have been anti-dilutive. Comparatively, for the three and six months ended June 3, 2011, options to purchase approximately 20.3 million and 19.8 million shares of common stock with exercise prices greater than the average fair market value of our stock of $33.88 and $33.12, respectively, were not included in the calculation because the effect would have been anti-dilutive.