Net Income Per Share

9 Months Ended

Oct. 03, 2015

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 0.6 million and 1.2 million shares of common stock that were outstanding for the quarters ended October 3, 2015 and September 27, 2014, 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 0.6 million and 0.3 million shares of common stock that were outstanding for the first 39-weeks ended October 3, 2015 and September 27, 2014, 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
	October 3, 2015			September 27, 2014
	Shares	Net Income Per Share		Shares	Net Income Per Share
Basic	24,694	$	0.20	24,323	$	0.20
Effect of dilutive stock options	24	—		18	—
Diluted	24,718	$	0.20	24,341	$	0.20

	39 Weeks Ended
	October 3, 2015			September 27, 2014
	Shares	Net Income Per Share			Net Income Per Share
Basic	24,599	$	0.63	24,202	$	0.51
Effect of dilutive stock options	110	—		191	(0.01		)
Diluted	24,709	$	0.63	24,393	$	0.50