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Basic and Diluted Net Income Per Share (Tables)
3 Months Ended
Apr. 02, 2021
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):

 

 

 

Three Months Ended

 

 

 

April 2, 2021

 

 

April 3, 2020

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

4,992

 

 

$

(134

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

46,628

 

 

 

44,964

 

Less:  Unvested restricted stock

 

 

(11

)

 

 

(11

)

Denominator for basic calculation

 

 

46,617

 

 

 

44,953

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

 

 

Stock options

 

 

2,491

 

 

 

 

Unvested restricted stock

 

 

8

 

 

 

 

Restricted stock units

 

 

88

 

 

 

 

Performance stock units

 

 

9

 

 

 

 

Denominator for diluted calculation

 

 

49,213

 

 

 

44,953

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.11

 

 

$

(0.00

)

Diluted

 

$

0.10

 

 

$

(0.00

)

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

 

Three Months Ended

 

 

 

April 2, 2021

 

 

April 3, 2020

 

Stock options

 

 

86

 

 

 

3,771

 

Restricted stock, restricted stock units and performance stock units

 

 

 

 

 

88

 

Total

 

 

86

 

 

 

3,859