Earnings Per Share

6 Months Ended

Jun. 30, 2012

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
	June 30,2012		July 2,2011		June 30,2012		July 2,2011
Net income	$	20,509	$	13,372	$	34,829	$	11,412
Shares used in computing basic earnings per share	42,655		44,602		42,556		44,435
Effect of dilutive securities:
Stock options and other stock-based awards	768		1,349		1,081		1,563
Shares used in computing diluted earnings per share	43,423		45,951		43,637		45,998
Earnings per share:
Basic	$	0.48	$	0.30	$	0.82	$	0.26
Diluted	$	0.47	$	0.29	$	0.80	$	0.25

For the three months ended June 30, 2012 and July 2, 2011 and the six months ended June 30, 2012 and July 2, 2011, approximately 1.2 million, 0.5 million, 0.8 million and 0.4 million shares, respectively, were not included in the diluted earnings per share calculation since the shares were anti-dilutive.