Net Income Per Share

6 Months Ended

Jun. 30, 2023

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)	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Shares used in basic per share computation		51,255		51,890		51,193		52,154
Effect of dilutive common stock options outstanding		188		198		201		202
Effect of dilutive restricted stock units outstanding		249		306		300		369
Shares used in diluted per share computation		51,692		52,394		51,694		52,725

Common stock options to purchase 63,333 shares and 33,333 shares were excluded from the diluted per share calculation for the three months ended June 30, 2023 and July 1, 2022, respectively, due to their anti-dilutive effect. Common stock options to purchase 22,253 shares were excluded from the diluted per share calculation for the six months ended June 30, 2023, 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.