Net Income Per Share

6 Months Ended

Jun. 29, 2013

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 stockholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if unvested restricted shares and outstanding options to purchase common stock were exercised. Options to purchase approximately 0.3 million and 0.4 million shares of common stock that were outstanding for the quarters ended June 29, 2013 and June 30, 2012, 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 0.3 million and 0.4 million shares of common stock that were outstanding for the first 26-weeks ended June 29, 2013 and June 30, 2012, 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 29, 2013				June 30, 2012
	Shares	Net Income Per Share			Shares	Net Income Per Share
Basic	24,248	$	0.92		23,249	$	0.97
Effect of dilutive stock options	339	(0.01		)	471	(0.02		)
Diluted	24,587	$	0.91		23,720	$	0.95
	26 Weeks Ended
	June 29, 2013				June 30, 2012
	Shares	Net Income Per Share			Shares	Net Income Per Share
Basic	24,098	$	0.55		23,131	$	0.71
Effect of dilutive stock options	378	(0.01		)	521	(0.02		)
Diluted	24,476	$	0.54		23,652	$	0.69