NOTE 6. NET INCOME PER COMMON SHARE

Basic earnings per share (“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.

There were no anti-dilutive securities excluded from the calculation of weighted average shares outstanding for the three and six months ended June 30, 2018. The three and six months ended July 1, 2017, excludes 20 thousand underlying securities 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
	June 30,		July 1,		June 30,		July 1,
	2018		2017		2018		2017
	(in thousands, except per share amounts)
Net income	$	22,548	$	10,255	$	29,888	$	13,254

Weighted-average common shares - Basic		50,317		49,473		50,087		49,368
Add: Dilutive effect of stock compensation plans		1,739		2,191		1,936		2,239

Weighted-average common shares - Diluted		52,056		51,664		52,023		51,607

Net income per common share:
Basic	$	0.45	$	0.21	$	0.60	$	0.27

Diluted	$	0.43	$	0.20	$	0.57	$	0.26