Net Income Per Share

12 Months Ended

Dec. 29, 2018

Earnings Per Share [Abstract]

Net Income Per Share

Note 11. Net Income Per Share

The Company presents both basic and diluted net income per share on the face of its 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 to all potentially dilutive common shares outstanding during the period, including contingently issuable shares and certain stock options, calculated using the treasury stock method. A reconciliation of the share denominator of the basic and diluted net income per share computations is as follows (in thousands):

	Years Ended
	December 29, 2018		December 30, 2017		December 31, 2016
Weighted average common shares outstanding used in    basic net income per share calculation		24,120		25,334		24,655
Potential dilutive common stock equivalents,    using treasury stock method		480		585		498
Weighted average shares used in diluted net income    per share calculation		24,600		25,919		25,153

For the year ended December 29, 2018, December 30, 2017, and December 31, 2016, the Company had securities outstanding which could potentially dilute basic earnings per share in the future. For the years ended December 29, 2018, December 30, 2017 and December 31, 2016, the weighted average common share equivalents consisting of stock options and restricted stock units included in the calculation of diluted net income per share were 0.5 million, 0.6 million and 0.5 million shares, respectively.