Net Income Per Share

9 Months Ended

Sep. 28, 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 nine months ended September 28, 2019 and September 29, 2018 is as follows (in thousands):

	Three Month Ended				Nine Months Ended
	September 28, 2019		September 29, 2018		September 28, 2019		September 29, 2018
Weighted average shares of common stock outstanding used in basic net income per share calculation		24,529		24,059		24,631		24,065
Potential dilutive common stock equivalents, using treasury stock method		254		407		321		486
Weighted average shares of common stock used in diluted net income per share calculation		24,783		24,466		24,952		24,551