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Earnings Per Share
 3 Months Ended
Mar. 30, 2013
Earnings Per Share  
Earnings Per Share

2. Earnings Per Share

 

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

 

 

 

Three Months Ended

 

 

 

March 30,
 2013

 

March 31,
 2012

 

Net income

 

$

20,034

 

$

14,320

 

 

 

 

 

 

 

Shares used in computing basic earnings per share

 

42,186

 

42,458

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

Stock options and other stock-based awards

 

924

 

1,392

 

Shares used in computing diluted earnings per share

 

43,110

 

43,850

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

Basic

 

$

0.47

 

$

0.34

 

Diluted

 

$

0.46

 

$

0.33

 

 

For the three months ended March 30, 2013 and March 31, 2012, approximately 0.6 million and 0.3 million shares, respectively, were not included in the diluted earnings per share calculation since the shares were anti-dilutive.