Earnings Per Share

9 Months Ended

Sep. 29, 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				Nine Months Ended
	September 29, 2012		October 1, 2011		September 29, 2012		October 1, 2011
Net income	$	10,024	$	11,255	$	44,853	$	22,667
Shares used in computing basic earnings per share	41,735		42,834		42,279		43,902
Effect of dilutive securities:
Stock options and other stock-based awards	785		1,085		982		1,403
Shares used in computing diluted earnings per share	42,520		43,919		43,261		45,305
Earnings per share:
Basic	$	0.24	$	0.26	$	1.06	$	0.52
Diluted	$	0.24	$	0.26	$	1.04	$	0.50

For the three months ended September 29, 2012 and October 1, 2011 and the nine months ended September 29, 2012 and October 1, 2011, approximately 0.8 million, 1.4 million, 0.9 million and 0.5 million shares, respectively, were not included in the diluted earnings per share calculation since the shares were anti-dilutive.