Net Income Per Share

9 Months Ended

Sep. 24, 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 and nine months ended September 24, 2016 and September 26, 2015 is as follows (in thousands):

	Three Month Ended				Nine Months Ended
	September 24, 2016		September 26, 2015		September 24, 2016		September 26, 2015
Weighted average common shares outstanding used in basic net income (loss) per share calculation		24,826		24,145		24,550		24,010
Potential dilutive common stock equivalents, using treasury stock method		456		207		429		337
Weighted average shares used in diluted net income (loss) per share calculation		25,282		24,352		24,979		24,347