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Net Income Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Income Per Share

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

 

 

Nine Months Ended

 

(In thousands)

 

September 30,
2022

 

 

October 1,
2021

 

 

September 30,
2022

 

 

October 1,
2021

 

Shares used in basic per share computation

 

 

51,492

 

 

 

52,618

 

 

 

51,934

 

 

 

52,597

 

Effect of dilutive common stock options
   outstanding

 

 

202

 

 

 

245

 

 

 

202

 

 

 

239

 

Effect of dilutive restricted stock units
   outstanding

 

 

314

 

 

 

449

 

 

 

353

 

 

 

480

 

Shares used in diluted per share
   computation

 

 

52,008

 

 

 

53,312

 

 

 

52,489

 

 

 

53,316

 

 

There were no equity awards excluded from the diluted per share calculation for the three and nine months ended September 30, 2022 and October 1, 2021.