Earnings Per Share

6 Months Ended

Jul. 02, 2011

Earnings Per Share

Earnings Per Share

2. Earnings Per Share

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

	Three Months Ended				Six Months Ended
	July 2,2011		July 3, 2010		July 2,2011		July 3, 2010
Net income	$	13,372	$	21,047	$	11,412	$	42,126
Shares used in computing basic earnings per share	44,602		45,387		44,435		45,602
Effect of dilutive securities:
Stock options and awards	1,349		1,984		1,563		2,047
Shares used in computing diluted earnings per share	45,951		47,371		45,998		47,649
Earnings per share:
Basic	$	0.30	$	0.46	$	0.26	$	0.92
Diluted	$	0.29	$	0.44	$	0.25	$	0.88

Approximately 0.5 million, 0.6 million, 0.4 million and 0.6 million weighted-average dilutive potential shares of common stock have been excluded from the earnings per share calculation for the three months ended July 2, 2011 and July 3, 2010, and for the six months ended July 2, 2011 and July 3, 2010, respectively, as they were anti-dilutive.