Net Income Per Share

6 Months Ended

Jun. 28, 2015

Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. Potentially dilutive common shares include outstanding stock options and unvested restricted stock awards, which are reflected in diluted net income per share by application of the treasury stock method. Under the treasury stock method, the amount that the employee must pay for exercising stock options, the amount of stock-based compensation cost for future services that the Company has not yet recognized, and the estimated tax benefit that would be recorded in additional paid-in capital upon exercise are assumed to be used to repurchase shares.

Net income per share for the three and six months ended June 28, 2015 and June 29, 2014 are as follows (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Numerator:
Net income	$	3,667	$	14,705	$	11,678	$	29,116

Denominator:
Weighted average common shares - basic	33,792		36,139		34,227		36,381
Potentially dilutive common share equivalent	516		669		563		671
Weighted average common shares - dilutive	34,308		36,808		34,790		37,052

Basic net income per share	$	0.11	$	0.41	$	0.34	$	0.80
Diluted net income per share	$	0.11	$	0.40	$	0.34	$	0.79

Anti-dilutive employee stock-based awards, excluded	2,631		2,521		$	2,440	$	2,529