Net Income Per Share

9 Months Ended

Oct. 02, 2015

Note 3: 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
	October 2,		October 3,		October 2,		October 3,
(In thousands)	2015		2014		2015		2014

Shares used in basic per share computation		26,597		26,938		26,644		27,018
Effect of dilutive common stock options outstanding		139		118		143		138
Effect of dilutive restricted stock units outstanding		532		592		563		622

Shares used in diluted per share computation		27,268		27,648		27,350		27,778

Common stock options to purchase 40,000 shares were excluded from the diluted per share calculation for the three months ended October 2, 2015 due to their antidilutive effect. The weighted-average exercise price for the antidilutive shares was $44.20 for the three months ended October 2, 2015. Common stock options to purchase 33,993 shares were excluded from the diluted per share calculation for the nine months ended October 2, 2015 due to their antidilutive effect. The weighted-average exercise price for the antidilutive shares was $44.20 for the nine months ended October 2, 2015. There were no options excluded from the diluted per share calculations for the three and nine months ended October 3, 2014.