Net Income Per Common Share

3 Months Ended

Mar. 29, 2014

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
	March 29, 2014		March 30, 2013
Net income	$	16,992	$	23,471
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	54,113		55,095
Effect of dilutive securities:
Options	353		690
Restricted shares	378		466
Diluted weighted-average shares outstanding	54,844		56,251
Net income per share – basic	$	0.31	$	0.43
Net income per share – diluted	$	0.31	$	0.42

Additional potentially dilutive stock options totaling 0.7 million and 1.0 million for the three months ended March 29, 2014 and March 30, 2013, respectively, have been excluded from our diluted net income per share calculations because these securities’ exercise prices were anti-dilutive (e.g., greater than the average market price of our common stock).