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Earnings Per Share
 9 Months Ended
Sep. 27, 2014
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 27,
 2014

 

September 28,
 2013

 

September 27,
 2014

 

September 28,
 2013

 

Net income

 

$
5,608 

 

$
6,531 

 

$
27,997 

 

$
39,177 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing basic earnings per share

 
43,112 

 
42,684 

 
43,218 

 
42,477 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and other stock-based awards

 
703 

 
1,238 

 
812 

 
960 

 

Shares used in computing diluted earnings per share

 
43,815 

 
43,922 

 
44,030 

 
43,437 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$
0.13 

 

$
0.15 

 

$
0.65 

 

$
0.92 

 

Diluted

 

$
0.13 

 

$
0.15 

 

$
0.64 

 

$
0.90 

 

 

For the three months ended September 27, 2014 and September 28, 2013 and the nine months ended September 27, 2014 and September 28, 2013, approximately 0.1 million, 0.5 million, 0.1 million and 0.4 million shares, respectively, were not included in the diluted earnings per share calculation since the shares were anti-dilutive.