Net Income Per Share

6 Months Ended

Jul. 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 and six months ended July 1, 2017 and June 25, 2016 is as follows (in thousands):

	Three Month Ended				Six Months Ended
	July 1, 2017		June 25, 2016		July 1, 2017		June 25, 2016
Weighted average common shares outstanding used in basic net income (loss) per share calculation		25,307		24,524		25,220		24,416
Potential dilutive common stock equivalents, using treasury stock method		599		403		660		357
Weighted average shares used in diluted net income (loss) per share calculation		25,906		24,927		25,880		24,773