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Net Income per Common Share
 9 Months Ended
Sep. 29, 2012
Earnings Per Share [Abstract]  
Net Income per Common Share
Net Income per Common Share

The following computations reconcile net income per share – basic with net income per share – diluted (in thousands, except per share amounts): 
 
Three Months Ended
 
Nine Months Ended
 
September 29,
2012
 
October 1,
2011
 
September 29,
2012
 
October 1,
2011
Net income
$
26,209

 
$
17,236

 
$
65,599

 
$
45,108

 
 
 
 
 
 
 
 
Reconciliation of weighted-average shares outstanding:
 
 

 
 
 
 

Basic weighted-average shares outstanding
55,444

 
55,214

 
55,601

 
54,966

Effect of dilutive securities:
 
 
 

 
 
 
 

Options
1,121

 
777

 
1,085

 
804

Restricted shares
421

 
504

 
516

 
536

Diluted weighted-average shares outstanding
56,986

 
56,495

 
57,202

 
56,306

 
 
 
 
 
 
 
 
Net income per share – basic
$
0.47

 
$
0.31

 
$
1.18

 
$
0.82

Net income per share – diluted
$
0.46

 
$
0.31

 
$
1.15

 
$
0.80



We excluded potentially dilutive stock options totaling 0.3 million and 0.3 million for the three and nine months ended September 29, 2012, respectively, and 1.5 million and 1.6 million for the three and nine months ended October 1, 2011, respectively, from our diluted net income per share calculations because these securities’ exercise prices were greater than the average market price of our common stock.