Net Income Per Share

9 Months Ended

Sep. 30, 2015

8. NET INCOME PER SHARE

Basic net income per share is calculated using the weighted-average number of shares of common stock outstanding during the thirteen and thirty-nine weeks ended September 30, 2015, and September 24, 2014. Diluted net income per share is calculated using the weighted-average number of shares of common stock outstanding and potentially dilutive during the period, using the treasury stock method.

Below are basic and diluted net income per share data for the periods indicated, which are in thousands except for per share data.

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 30, 2015		September 24, 2014		September 30, 2015		September 24, 2014
Numerator:
Net income	$	4,666	$	25,849	$	18,688	$	37,888
Denominator:
Weighted-average shares outstanding—basic		38,275,317		34,221,829		37,837,610		30,549,979
Weighted-average shares outstanding—diluted		39,107,241		36,821,095		39,044,388		32,450,231
Net income per share—basic	$	0.12	$	0.76	$	0.49	$	1.24
Net income per share—diluted	$	0.12	$	0.70	$	0.48	$	1.17
Anti-dilutive securities not considered in diluted EPS calculation		-		-		-		-

Below is a reconciliation of basic and diluted share counts.

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 30, 2015		September 24, 2014		September 30, 2015		September 24, 2014
Weighted-average shares outstanding—basic		38,275,317		34,221,829		37,837,610		30,549,979
Dilutive effect of stock options and restricted shares		831,924		2,599,266		1,206,778		1,900,252
Weighted-average shares outstanding—diluted		39,107,241		36,821,095		39,044,388		32,450,231