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Earnings Per Share
 9 Months Ended
Oct. 03, 2015
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 3,
2015

 

September 27,
2014

 

October 3,
2015

 

September 27,
2014

 

Net income

 

$

9,975

 

$

5,608

 

$

23,928

 

$

27,997

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing basic earnings per share

 

42,331

 

43,112

 

42,522

 

43,218

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and other stock-based awards

 

464

 

703

 

613

 

812

 

Shares used in computing diluted earnings per share

 

42,795

 

43,815

 

43,135

 

44,030

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.24

 

$

0.13

 

$

0.56

 

$

0.65

 

Diluted

 

$

0.23

 

$

0.13

 

$

0.55

 

$

0.64

 

 

For the three months ended October 3, 2015 and September 27, 2014 and the nine months ended October 3, 2015 and September 27, 2014, approximately 0.1 million, 0.1 million, 0.1 million and 0.1 million shares, respectively, were not included in the diluted earnings per share calculation since the shares were anti-dilutive.