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Net Income Per Share (Tables)
6 Months Ended
Jun. 28, 2020
Earnings Per Share [Abstract]  
Schedule of Net Income Per Share

Net income per share for the three and six months ended June 28, 2020 and June 30, 2019 are as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28,

2020

 

 

June 30,

2019

 

 

June 28,

2020

 

 

June 30,

2019

 

 

 

(In thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,983

 

 

$

839

 

 

$

1,810

 

 

$

13,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares - basic

 

 

29,617

 

 

 

31,246

 

 

 

29,608

 

 

 

31,365

 

Potentially dilutive common share equivalent

 

 

453

 

 

 

866

 

 

 

471

 

 

 

1,153

 

Weighted average common shares - dilutive

 

 

30,070

 

 

 

32,112

 

 

 

30,079

 

 

 

32,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.20

 

 

$

0.03

 

 

$

0.06

 

 

$

0.44

 

Diluted net income per share

 

$

0.20

 

 

$

0.03

 

 

$

0.06

 

 

$

0.42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive employee stock-based awards, excluded

 

 

2,245

 

 

 

1,208

 

 

 

2,425

 

 

 

692