XML 19 R9.htm IDEA: XBRL DOCUMENT v3.19.2
Net Income Per Common Share
6 Months Ended
Jun. 28, 2019
Earnings Per Share [Abstract]  
Net Income Per Common Share

2. Net Income per Common Share

Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. With regard to common stock subject to vesting requirements and restricted stock units issued to the Company’s employees and non-employee members of its Board of Directors, the calculation includes only the vested portion of such stock and units.

Diluted net income per common share is computed by dividing net income by the weighted average number of common shares outstanding, increased by the assumed conversion of other potentially dilutive securities during the period.

The following table reconciles basic and dilutive weighted average common shares:

 

 

 

Quarter Ended

 

 

Six Months Ended

 

 

 

 

June 28,

 

 

June 29,

 

 

June 28,

 

 

June 29,

 

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

Basic weighted average common shares outstanding

 

 

29,822,917

 

 

 

29,429,925

 

 

 

29,752,903

 

 

 

29,259,641

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested restricted stock units and common stock subject to vesting requirements issued to employees and non-employees

 

 

222,438

 

 

 

469,702

 

 

 

230,742

 

 

 

420,020

 

 

Common stock issuable upon the exercise of stock options and SARs

 

 

2,328,797

 

 

 

2,335,458

 

 

 

2,350,656

 

 

 

2,345,288

 

 

Dilutive weighted average common shares outstanding

 

 

32,374,152

 

 

 

32,235,085

 

 

 

32,334,301

 

 

 

32,024,949

 

 

 

Approximately 9 thousand shares and 13 thousand shares of common stock equivalents were excluded from the computations of diluted net income per common share for the quarter and six months ended June 28, 2019, respectively, as compared to 843  shares and 864 shares for the quarter and six months ended  June 29, 2018, respectively,   as their inclusion would have had an anti-dilutive effect on diluted net income per common share.