Net Income Per Share

3 Months Ended

Apr. 01, 2022

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
(In thousands)	April 1, 2022		April 2, 2021
Shares used in basic per share computation		52,419		52,536
Effect of dilutive common stock options outstanding		205		236
Effect of dilutive restricted stock units outstanding		415		561
Shares used in diluted per share computation		53,039		53,333

There were no equity awards excluded from the diluted per share calculation for the three months ended April 1, 2022. Common stock options to purchase 18,742 shares were excluded from the diluted per share calculation for the three months April 2, 2021 due to their anti-dilutive effect.