Net Income Per Common Share

6 Months Ended

Jul. 02, 2016

NOTE 5. NET INCOME PER COMMON SHARE

Basic EPS is computed by dividing net income available to common shareholders, by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the dilutive effect of potential common shares from securities such as stock options.

Weighted average shares outstanding for the three and six months ended July 2, 2016, and July 4, 2015, excludes underlying options and restricted stock awards of 20 thousand because their effects were anti-dilutive.

The table below presents the calculation of EPS and a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS for our Company:


	Three Months Ended				Six Months Ended
	July 2,		July 4,		July 2,		July 4,
	2016		2015		2016		2015
	(in thousands, except per share amounts)
Net income	$	7,350	$	6,780	$	8,829	$	13,432

Weighted-average common shares - Basic		48,710		48,077		48,702		47,899
Add: Dilutive effect of stock compensation plans		1,763		2,206		1,763		2,256

Weighted-average common shares - Diluted		50,473		50,283		50,465		50,155

Net income per common share:
Basic	$	0.15	$	0.14	$	0.18	$	0.28

Diluted	$	0.15	$	0.13	$	0.17	$	0.27