Net Income Per Share

6 Months Ended

Jul. 02, 2021

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 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Shares used in basic per share computation		52,637		52,259		52,587		52,417
Effect of dilutive common stock options outstanding		232		340		234		360
Effect of dilutive restricted stock units outstanding		416		540		492		627
Shares used in diluted per share computation		53,285		53,139		53,313		53,404

Common stock options to purchase 33,333 and 40,000 shares were excluded from the diluted per share calculation for the three months ended July 2, 2021 and July 3, 2020, respectively, due to their anti-dilutive effect. Common stock options to purchase 26,007 and 31,209 shares were excluded from the diluted per share calculation for the six months ended July 2, 2021 and July 3, 2020, respectively, due to their anti-dilutive effect.