Net Income Per Share

6 Months Ended

Jul. 01, 2022

Note 4: Net Income Per Share

Basic per share amounts are computed using the weighted-average number of common shares outstanding during the period. Diluted per share amounts are calculated using the weighted-average number of common shares outstanding during the period and, when dilutive, the weighted-average number of potential common shares from the issuance of common stock to satisfy outstanding restricted stock units and the exercise of outstanding options to purchase common stock using the treasury stock method.

The following schedule reconciles the shares used to calculate basic and diluted net income per share:


	Three Months Ended				Six Months Ended
(In thousands)	July 1, 2022		July 2, 2021		July 1, 2022		July 2, 2021
Shares used in basic per share computation		51,890		52,637		52,154		52,587
Effect of dilutive common stock options outstanding		198		232		202		234
Effect of dilutive restricted stock units outstanding		306		416		369		492
Shares used in diluted per share computation		52,394		53,285		52,725		53,313

Common stock options to purchase 33,333 shares and 33,333 shares were excluded from the diluted per share calculation for the three months ended July 1, 2022 and July 2, 2021, respectively, due to their anti-dilutive effect. There were no equity awards excluded from the diluted per share calculation for the six months ended July 1, 2022. Common stock options to purchase 26,007 shares were excluded from the diluted per share calculation for the six months July 2, 2021, due to their anti-dilutive effect.