Net Income Per Common Share

9 Months Ended

Oct. 01, 2016

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common Share

The components of basic and diluted net income per share were as follows (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Net income	$	25,745	$	31,854	$	40,130	$	71,691
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	45,621		50,945		46,705		51,654
Dilutive effect of stock-based awards	729		756		708		870
Diluted weighted-average shares outstanding	46,350		51,701		47,413		52,524
Net income per share – basic	$	0.56	$	0.63	$	0.86	$	1.39
Net income per share – diluted	$	0.56	$	0.62	$	0.85	$	1.36

Anti-dilutive stock-based awards excluded from the calculations of diluted net income per share calculations were immaterial for the periods presented.