Net Income Per Share

9 Months Ended

Oct. 01, 2011

Net Income Per Share [Abstract]

Net Income Per Share

NOTE 11 NET INCOME PER SHARE

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

	Three Months Ended				Nine Months Ended
(In thousands, except per share data)	October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Net income	$	10,502	$	12,604	$	45,183	$	25,937
Shares:
Weighted average shares outstanding - basic		37,543		36,722		37,342		36,594
Dilutive potential common shares, using treasury stock method		1,028		857		1,390		935
Weighted average shares outstanding - diluted		38,571		37,579		38,732		37,529
Net income per share:
Basic	$	0.28	$	0.34	$	1.21	$	0.71
Diluted	$	0.27	$	0.34	$	1.17	$	0.69

For the three and nine months ended October 1, 2011, an aggregate of 0.7 million stock options and stock appreciation rights and 0.6 million stock options and stock appreciation rights, respectively, and for the three and nine months ended October 2, 2010, 2.2 million stock options, 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 and nine months ended October 1, 2011, 0.3 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. For the three and nine months ended October 2, 2010, 0.5 million performance-based awards 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.

For the three and nine months ended October 1, 2011 and for the three and nine months ended October 2, 2010, the Company's convertible subordinated notes had no impact on diluted net income per share as the average price of the Company's common stock during those periods was below $24.05, and the convertible subordinated notes, if converted, would require only cash settlement.