Net Income Per Share

9 Months Ended

Sep. 27, 2024

Note 4: Net Income Per Share

Basic per share amounts are computed using the weighted-average number of shares of common stock outstanding during the period. Diluted per share amounts are calculated using the weighted-average number of shares of common stock outstanding during the period and, when dilutive, the weighted-average number of potential shares of common stock 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 27, 2024		September 29, 2023		September 27, 2024		September 29, 2023
Shares used in basic per share computation		51,177		51,203		51,098		51,197
Effect of dilutive common stock options outstanding		175		183		172		195
Effect of dilutive restricted stock units outstanding		270		259		257		288
Shares used in diluted per share computation		51,622		51,645		51,527		51,680

Common stock options to purchase 30,000 and 63,333 shares were excluded from the diluted per share calculation for the three months ended September 27, 2024 and September 29, 2023, respectively, due to their anti-dilutive effect. Common stock options to purchase 63,333 and 24,835 shares were excluded from the diluted per share calculation for the nine months ended September 27, 2024 and September 29, 2023, respectively, due to their anti-dilutive effect.