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Basic and Diluted Net Income Per Share (Tables)
9 Months Ended
Oct. 01, 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

 

 

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

 

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

 

 

 

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