Net Income Per Share

9 Months Ended

Sep. 29, 2018

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 nine months ended September 29, 2018 and September 30, 2017 is as follows (in thousands):

	Three Month Ended				Nine Months Ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Weighted average common shares outstanding used in basic net income per share calculation		24,059		25,494		24,065		25,320
Potential dilutive common stock equivalents, using treasury stock method		407		438		486		613
Weighted average shares used in diluted net income per share calculation		24,466		25,932		24,551		25,933