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Net Income Per Share
9 Months Ended
Jan. 01, 2012
Net Income Per Share [Abstract]  
Net Income Per Share

Note 8. Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:

 

 

                                 
    Three Months Ended     Nine Months Ended  
    January 1,
2012
    December 26,
2010
    January 1,
2012
    December 26,
2010
 
    (In thousands, except per share amounts)  

Net income

  $ 30,025     $ 50,339     $ 91,105     $ 105,774  
   

 

 

   

 

 

   

 

 

   

 

 

 

Shares:

                               

Weighted-average shares outstanding — basic

    100,135       105,830       102,696       108,492  

Dilutive potential common shares, using treasury stock method

    533       1,497       644       1,540  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average shares outstanding — diluted

    100,668       107,327       103,340       110,032  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share:

                               

Basic

  $ 0.30     $ 0.48     $ 0.89     $ 0.97  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ 0.30     $ 0.47     $ 0.88     $ 0.96  
   

 

 

   

 

 

   

 

 

   

 

 

 

Stock-based awards, including stock options and restricted stock units, representing 19.2 million and 18.2 million shares of common stock have been excluded from the diluted net income per share calculations for the three and nine months ended January 1, 2012, respectively, and 13.3 million and 15.1 million shares of common stock have been excluded from the diluted net income per share calculations for the three and nine months ended December 26, 2010, respectively. These stock-based awards have been excluded from the diluted net income per share calculations because their effect would have been antidilutive.