Weighted-Average Shares

6 Months Ended

Jun. 29, 2014

Earnings Per Share [Abstract]

Weighted-Average Shares

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		Six-months Ended
	June 29, 2014	June 30, 2013	June 29, 2014	June 30, 2013
Basic weighted-average common shares outstanding	86,782	87,044	86,830	86,784
Effect of dilutive stock options	2,183	1,670	2,282	1,718
Weighted-average common and common-equivalent shares outstanding	88,965	88,714	89,112	88,502

Stock options to purchase 1,301,306 and 947,235 shares of common stock, on a weighted-average basis, were outstanding during the three-month and six-month periods ended June 29, 2014, respectively, and 1,632,214 and 1,264,311 for the same periods in 2013, but were not included in the calculation of dilutive net income per share because they were anti-dilutive.