Earnings Per Share

12 Months Ended

Dec. 28, 2019

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4. Earnings Per Share

Intevac calculates basic earnings per share (“EPS”) using net income and the weighted-average number of shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuance of common stock pursuant to the exercise of employee stock options and vesting of RSUs.

The following table sets forth the computation of basic and diluted net income per share:

	2019		2018
	(in thousands, except per share amounts)
Net income	$	1,148	$	3,581
Weighted-average shares—basic		23,063		22,519
Effect of dilutive potential common shares		277		385
Weighted-average shares—diluted		23,340		22,904
Net income per share—basic	$	0.05	$	0.16
Net income per share—diluted	$	0.05	$	0.16

The potentially dilutive securities were excluded (as common stock equivalents) from the computation of diluted net income per share for the periods presented as their effect would have been antidilutive:

	2019		2018
	(in thousands, except per share amounts)
Stock options to purchase common stock		1,235		1,612
RSUs		5		124
Employee stock purchase plan		3		254