Net Income Per Share

3 Months Ended

Mar. 26, 2016

Note 12. Net Income Per Share

The Company presents both basic and diluted net income per share on the face of its condensed consolidated statements of operations. Basic net income per share excludes the effect of potentially dilutive shares and is computed by dividing net income by the weighted-average number of shares of common stock outstanding for the period. Diluted net income per share is computed using the weighted-average number of shares of common stock outstanding for the period plus the effect of all dilutive securities representing potential shares of common stock outstanding during the period.

A reconciliation of the share denominator of the basic and diluted net income per share computations for three months ended March 26, 2016 and March 28, 2015 is as follows (in thousands):

	Three Months Ended
	March 26, 2016		March 28, 2015
Weighted average common shares outstanding used in basic net income (loss) per share calculation		24,308		23,866
Potential dilutive common stock equivalents, using treasury stock method		289		391
Weighted average shares used in diluted net income (loss) per share calculation		24,597		24,257