NET INCOME PER SHARE

3 Months Ended

Mar. 30, 2013

NET INCOME PER SHARE

NET INCOME PER SHARE

NOTE 10 NET INCOME PER SHARE

The following table sets forth the computation of basic and diluted net income per share:

	Three Months Ended
	March 30,		March 31,
(In thousands, except per share data)	2013		2012
Net income attributable to Newport Corporation	$	2,746	$	6,592
Shares:
Weighted average shares outstanding - basic	38,601		37,731
Dilutive potential common shares, using treasury stock method	659		1,200
Weighted average shares outstanding - diluted	39,260		38,931
Net income per share attributable to Newport Corporation:
Basic	$	0.07	$	0.17
Diluted	$	0.07	$	0.17

For the three months ended March 30, 2013, an aggregate of 0.9 million stock options and stock appreciation rights were excluded from the computations of diluted net income per share, as their exercise prices (or base values) exceeded the average market price of the Company’s common stock during such periods, and their inclusion would have been antidilutive.  For the three months ended March 30, 2013, 0.4 million restricted stock units were excluded from the computations of diluted net income per share, as the amount of unrecognized future compensation expense associated with these restricted stock units would have resulted in assumed proceeds in excess of the amount required to repurchase the underlying shares under the treasury stock method and, therefore, their inclusion would have been antidilutive.