Earnings Per Share

9 Months Ended

Oct. 01, 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				Nine Months Ended
	October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Net income	$	11,255	$	18,233	$	22,667	$	60,359
Shares used in computing basic earnings per share	42,834		44,341		43,902		45,182
Effect of dilutive securities:
Stock options and awards	1,085		1,668		1,403		1,921
Shares used in computing diluted earnings per share	43,919		46,009		45,305		47,103
Earnings per share:
Basic	$	0.26	$	0.41	$	0.52	$	1.34
Diluted	$	0.26	$	0.40	$	0.50	$	1.28

Approximately 1.4 million, 0.8 million, 0.5 million and 0.7 million weighted-average dilutive potential shares of common stock have been excluded from the earnings per share calculation for the three months ended October 1, 2011 and October 2, 2010, and for the nine months ended October 1, 2011 and October 2, 2010, respectively, as they were anti-dilutive.