Net Income Per Common Share

6 Months Ended

Jun. 28, 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				Six Months Ended
	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Net income	$	8,481	$	9,926	$	25,473	$	33,397
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	53,648		55,029		53,880		55,062
Effect of dilutive securities:
Options	365		539		359		613
Restricted shares	311		419		331		426
Diluted weighted-average shares outstanding	54,324		55,987		54,570		56,101
Net income per share – basic	$	0.16	$	0.18	$	0.47	$	0.61
Net income per share – diluted	$	0.16	$	0.18	$	0.47	$	0.60

Additional potentially dilutive stock options totaling 0.8 million and 1.3 million for the three months ended June 28, 2014 and June 29, 2013, respectively, and 0.9 million and 1.3 million for the six months ended June 28, 2014 and June 29, 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).