Basic and Diluted Net Income Per Share

9 Months Ended

Oct. 01, 2021

Note 13 — 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						Nine Months Ended
	October 1, 2021			October 2, 2020			October 1, 2021			October 2, 2020
Numerator:
Net income	$	6,020		$	3,892		$	19,579		$	2,586
Denominator:
Weighted average common shares:
Common shares outstanding		47,486			45,914			47,067			45,405
Less: Unvested restricted stock		(3	)		(11	)		(3	)		(11	)
Denominator for basic calculation		47,483			45,903			47,064			45,394
Weighted average effects of potentially diluted common stock:
Stock options		2,013			2,208			2,277			2,124
Unvested restricted stock		—			—			6			5
RSUs		86			68			90			66
PSUs		10			1			11			—
Denominator for diluted calculation		49,592			48,180			49,448			47,589
Net income per share:
Basic	$	0.13		$	0.08		$	0.42		$	0.06
Diluted	$	0.12		$	0.08		$	0.40		$	0.05

The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, RSUs and PSUs with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.

	Three Months Ended				Nine Months Ended
	October 1, 2021		October 2, 2020		October 1, 2021		October 2, 2020
Stock options		33		12		201		896
Restricted stock, RSUs and PSUs		6		8		3		13
Total		39		20		204		909