Net Income Per Share

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 common shares issuable upon exercise of stock options, vesting of restricted stock awards, and issuances of shares under the ESPP, which are reflected in diluted net income per share by application of the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted net income per share when their effect is anti-dilutive.

Net income per share for the three months ended April 1, 2018 and April 2, 2017 are as follows:



	Three Months Ended
	April 1, 2018		April 2, 2017
	(In thousands, except per share data)
Numerator:
Net income	$	5,590	$	15,994

Denominator:
Weighted average common shares - basic	31,427		32,944
Potentially dilutive common share equivalent	1,233		1,192
Weighted average common shares - dilutive	32,660		34,136

Basic net income per share	$	0.18	$	0.49
Diluted net income per share	$	0.17	$	0.47

Anti-dilutive employee stock-based awards, excluded	773		70