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Weighted-Average Shares
9 Months Ended
Sep. 29, 2013
Earnings Per Share [Abstract]  
Weighted-Average Shares

NOTE 16: Weighted-Average Shares

On July 29, 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      Nine-months Ended  
     September 29,
2013
     September 30,
2012
     September 29,
2013
     September 30,
2012
 

Basic weighted-average common shares outstanding

     87,339         85,824         87,578         85,554   

Effect of dilutive stock options

     2,020         1,434         1,872         1,666   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average common and common-equivalent shares outstanding

     89,359         87,258         89,450         87,220   
  

 

 

    

 

 

    

 

 

    

 

 

 

Stock options to purchase 76,653 and 1,357,004 shares of common stock, on a weighted-average basis, were outstanding during the three-month and nine-month periods ended September 29, 2013, respectively, and 1,870,684 and 1,784,698 for the same periods in 2012, but were not included in the calculation of dilutive net income per share because they were anti-dilutive.