Net Income Per Share

3 Months Ended

Apr. 01, 2017

Note 10. 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 April 1, 2017 and March 26, 2016 is as follows (in thousands):

	Three Month Ended
	April 1, 2017		March 26, 2016
Weighted average common shares outstanding used in basic net income (loss) per share calculation		25,133		24,308
Potential dilutive common stock equivalents, using treasury stock method		700		289
Weighted average shares used in diluted net income (loss) per share calculation		25,833		24,597