Weighted-Average Shares

3 Months Ended

Mar. 30, 2014

Earnings Per Share [Abstract]

Weighted-Average Shares

In July 2013, the Company’s Board of Directors declared a two-for-one stock split of the Company’s common stock, which was effected through a stock dividend distributed on September 16, 2013. All references made to share or per share amounts in the accompanying consolidated financial statements and applicable disclosures reflect this two-for-one stock split.

Weighted-average shares were calculated as follows (in thousands):

	Three-months Ended
	March 30, 2014	March 31, 2013
Basic weighted-average common shares outstanding	86,879	86,522
Effect of dilutive stock options	2,380	1,738
Weighted-average common and common-equivalent shares outstanding	89,259	88,260

Stock options to purchase 585,208 and 965,938 shares of common stock, on a weighted-average basis, were outstanding for the quarters ended March 30, 2014 and March 31, 2013, respectively, but were not included in the calculation of dilutive net income per share because they were anti-dilutive.