Net Income per Share

6 Months Ended

Jul. 02, 2011

Net Income per Share [Abstract]

Net Income per Share

4. Net Income per Share

Basic earnings per share is based on the weighted average number of shares of common stock outstanding, and diluted earnings per share is based on the weighted average number of shares of common stock outstanding and all potentially dilutive common stock equivalents outstanding. Common stock equivalents are included in the per share calculations when the effect of their inclusion would be dilutive.

The following is a reconciliation of basic to diluted net income per share:

	Quarter Ended				Year to Date Ended
	July 2,		July 3,		July 2,		July 3,
	2011		2010		2011		2010
Net income	$	8,918	$	6,839	$	19,640	$	12,578
Shares used in net income per common share — basic		26,491		26,362		26,491		26,349
Incremental shares of unvested restricted common stock		122		125		166		116
Shares used in net income per common share — diluted		26,613		26,487		26,657		26,465
Earnings per share:
Basic	$	0.34	$	0.26	$	0.74	$	0.48
Diluted	$	0.34	$	0.26	$	0.74	$	0.48

The Company excluded 784,890 shares related to the Convertible Senior Notes (See Note 11) from the above earnings per share calculation as these shares were anti-dilutive.