Net Income Per Common Share

9 Months Ended

Sep. 27, 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				Nine Months Ended
	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
Net income	$	23,554	$	20,259	$	49,027	$	53,656
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	53,271		54,854		53,677		54,992
Effect of dilutive securities:
Options	383		531		368		589
Restricted shares	317		363		313		409
Diluted weighted-average shares outstanding	53,971		55,748		54,358		55,990
Net income per share – basic	$	0.44	$	0.37	$	0.91	$	0.98
Net income per share – diluted	$	0.44	$	0.36	$	0.90	$	0.96

Additional potentially dilutive stock options totaling 0.7 million and 0.6 million for the three months ended September 27, 2014 and September 28, 2013, respectively, and 0.9 million and 1.3 million for the nine months ended September 27, 2014 and September 28, 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).