Net Income Per Share

6 Months Ended

Jun. 29, 2016

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 twenty-six weeks ended June 29, 2016, and July 1, 2015. 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				Twenty-Six Weeks Ended
	June 29, 2016		July 1, 2015		June 29, 2016		July 1, 2015
Numerator:
Net income	$	7,267	$	7,230	$	12,710	$	14,021
Denominator:
Weighted-average shares outstanding—basic		38,294,575		37,812,767		38,289,505		37,618,756
Weighted-average shares outstanding—diluted		38,962,802		39,085,206		38,981,610		39,002,974
Net income per share—basic	$	0.19	$	0.19	$	0.33	$	0.37
Net income per share—diluted	$	0.19	$	0.18	$	0.33	$	0.36
Anti-dilutive securities not considered in diluted EPS calculation		473,836		—		473,836		—

Below is a reconciliation of basic and diluted share counts.

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	June 29, 2016		July 1, 2015		June 29, 2016		July 1, 2015
Weighted-average shares outstanding—basic		38,294,575		37,812,767		38,289,505		37,618,756
Dilutive effect of stock options and restricted shares		668,227		1,272,439		692,105		1,384,218
Weighted-average shares outstanding—diluted		38,962,802		39,085,206		38,981,610		39,002,974