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Earnings Per Share
 12 Months Ended
Dec. 29, 2018
Earnings Per Share  
Earnings Per Share

3. Earnings Per Share

        The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 
   Year Ended  
 
   December 29,
2018		   December 30,
2017		   December 31,
2016		  

Net income

   $ 83,591   $ 47,092   $ 61,494  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Shares used in computing basic earnings per share

     43,159     42,446     41,713  

Effect of dilutive securities:

    
 		    
 		    
 		  

Stock-based awards

     885     886     663  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Shares used in computing diluted earnings per share

     44,044     43,332     42,376  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings per share:

                    

Basic

   $ 1.94   $ 1.11   $ 1.47  

Diluted

   $ 1.90   $ 1.09   $ 1.45  

        The Company intends to settle the principal amount of its convertible senior notes in cash and any excess value in shares in the event of a conversion. Accordingly, shares issuable upon conversion of the principal amount have been excluded from the calculation of diluted earnings per share. If the market value of the notes under certain prescribed conditions exceeds the conversion amount, the excess is included in the denominator for the computation of diluted earnings per share using the treasury stock method. For fiscal 2018, approximately 0.1 million shares were included in the denominator for the calculation of diluted earnings per share. For fiscal 2017, no such shares were included in the denominator for the calculation of diluted earnings per share. See Note 10, Debt, to the Consolidated Financial Statements for additional information.