Net Income Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Net Income Per Share

NET INCOME PER SHARE

Basic net income per share is computed by dividing net income available to common stock holders by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if unvested restricted shares vest and outstanding options to purchase common stock were exercised. Options to purchase approximately 0.4 million and 1.8 million shares of common stock that were outstanding for the quarters ended June 30, 2012 and July 2, 2011, respectively, have been excluded from the calculation of diluted income per share because inclusion of such shares would be anti-dilutive. Options to purchase approximately 0.4 million and 1.8 million shares of common stock that were outstanding for the first 26 weeks ended June 30, 2012 and July 2, 2011, respectively, have been excluded from the calculation of diluted income per share because inclusion of such shares would be anti-dilutive.

The following is a reconciliation of the Company’s basic and diluted net income per share computations (shares in thousands):

	13 Weeks Ended
	June 30, 2012				July 2, 2011
	Shares	Net Income Per  Share			Shares	Net Income Per  Share
Basic	23,249	$	0.97		22,711	$	1.97
Effect of dilutive stock options	471	(0.02		)	547	(0.05		)
Diluted	23,720	$	0.95		23,258	$	1.92
	26 Weeks Ended
	June 30, 2012				July 2, 2011
	Shares	Net Income Per  Share			Shares	Net Income Per  Share
Basic	23,131	$	0.71		22,675	$	1.43
Effect of dilutive stock options	521	(0.02		)	575	(0.04		)
Dilutive	23,652	$	0.69		23,250	$	1.39