Net Income Per Share

6 Months Ended

Jun. 29, 2019

Earnings Per Share [Abstract]

Net Income Per Share

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 six months ended June 29, 2019 and June 30, 2018 is as follows (in thousands):

	Three Month Ended				Six Months Ended
	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Weighted average common shares outstanding used in basic net income per share calculation		24,525		23,953		24,530		24,008
Potential dilutive common stock equivalents, using treasury stock method		318		489		320		480
Weighted average shares used in diluted net income per share calculation		24,843		24,442		24,850		24,488