Net Income per Common Share

6 Months Ended

Jul. 02, 2011

Net Income per Common Share [Abstract]

Net Income per Common Share

9. 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
	July 2, 2011		July 3, 2010		July 2, 2011		July 3, 2010
Net income	$	11,289	$	6,202	$	27,872	$	13,962
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding		54,958		53,911		54,842		53,763
Effect of dilutive securities:
Options		911		903		762		971
Restricted shares		538		439		553		452
Diluted weighted-average shares outstanding		56,407		55,253		56,157		55,186
Net income per share – basic	$	0.21	$	0.12	$	0.51	$	0.26
Net income per share – diluted	$	0.20	$	0.11	$	0.50	$	0.25

We excluded potentially dilutive stock options totaling 1.5 million and 2.4 million for the three and six months ended July 2, 2011, respectively, and 2.5 million and 2.5 million for the three and six months ended July 3, 2010, 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.