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Earnings Per Share
12 Months Ended
Dec. 29, 2012
Earnings Per Share  
Earnings Per Share

3. Earnings Per Share

        The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 
  Year Ended  
 
  December 29,
2012
  December 31,
2011
  January 1,
2011
 

Net income

  $ 63,548   $ 35,472   $ 73,242  
               

Shares used in computing basic earnings per share

   
42,136
   
43,421
   
44,845
 

Effect of dilutive securities:

                   

Stock options and other stock-based awards

    970     1,411     1,897  
               

Shares used in computing diluted earnings per share

    43,106     44,832     46,742  
               

Earnings per share:

                   

Basic

  $ 1.51   $ 0.82   $ 1.63  

Diluted

  $ 1.47   $ 0.79   $ 1.57  

        For fiscal years ended December 29, 2012, December 31, 2011 and January 1, 2011, approximately 0.5 million, 0.4 million and 0.6 million shares, respectively, were not included in the diluted earnings per share calculation since the shares were anti-dilutive.