Net Income Per Share

6 Months Ended

Jun. 28, 2011

Net Income Per Share

Net Income Per Share

6.  Net Income Per Share

At June 28, 2011 and June 29, 2010, 0.7 million and 0.6 million shares, respectively, of restricted stock issued to employees were unvested, and therefore excluded from the calculation of basic earnings per share for the fiscal quarters ended on those dates.  Diluted net income per share includes the dilutive effect of both outstanding stock options and restricted shares, calculated using the treasury stock method.  Assumed proceeds from in-the-money options include windfall tax benefits, net of shortfalls, calculated under the “as-if” method as prescribed by Financial Accounting Standards Codification 718, “Compensation — Stock Option Compensation.”

	Thirteen Weeks Ended June 28, 2011		Thirteen Weeks Ended June 29, 2010		Twenty-Six Weeks Ended June 28, 2011		Twenty-Six Weeks Ended June 29, 2010
	(In thousands, except per share data)
Net income	$	24,748	$	19,229	$	45,204	$	37,895
Basic weighted average shares outstanding	56,554		59,238		57,517		59,261
Dilutive effect of stock options and restricted shares	2,041		1,625		2,026		1,445
Diluted weighted average shares outstanding	58,595		60,863		59,543		60,706
Basic net income per share	$	0.44	$	0.32	$	0.79	$	0.64
Diluted net income per share	$	0.42	$	0.32	$	0.76	$	0.62

Shares of common stock equivalents of 2.4 million and 2.6 million for the thirteen and twenty-six weeks ended June 28, 2011 and 3.8 million and 5.2 million for the thirteen and twenty-six weeks ended June 29, 2010, respectively, were not included in the diluted calculation due to their anti-dilutive effect.