NET INCOME PER SHARE

9 Months Ended

Oct. 03, 2015

NET INCOME PER SHARE

NET INCOME PER SHARE

NOTE 10NET INCOME PER SHARE

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

	Three Months Ended				Nine Months Ended
	October 3,		September 27,		October 3,		September 27,
(In thousands, except per share data)	2015		2014		2015		2014
Net income attributable to Newport Corporation	$	7,103	$	9,470	$	21,537	$	26,308
Shares:
Weighted average shares outstanding - basic	38,982		39,921		39,434		39,776
Dilutive potential common shares, using treasury stock method	392		691		632		770
Weighted average shares outstanding - diluted	39,374		40,612		40,066		40,546
Net income per share attributable to Newport Corporation:
Basic	$	0.18	$	0.24	$	0.55	$	0.66
Diluted	$	0.18	$	0.23	$	0.54	$	0.65

For the three and nine months ended October 3, 2015, 1.5 million stock appreciation rights, and for the three and nine months ended September 27, 2014, an aggregate of 0.7 million stock options and stock appreciation rights, were excluded from the computations of diluted net income per share, as their inclusion would have been antidilutive.  For the three and nine months ended October 3, 2015, 0.5 million performance-based restricted stock units, and for the three and nine months ended September 27, 2014, 0.6 million performance-based restricted stock units, were excluded from the computations of diluted net income per share, as the performance criteria for their vesting had not been met as of the end of such periods.