Basic and Diluted Net Income Per Share

9 Months Ended

Sep. 29, 2023

Note 13 — Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):


	Three Months Ended						Nine Months Ended
	September 29, 2023			September 30, 2022			September 29, 2023			September 30, 2022
Numerator:
Net income	$	4,817		$	10,262		$	13,591		$	32,902
Denominator:
Weighted average common shares:
Common shares outstanding		48,625			48,106			48,438			47,919
Less: Unvested restricted stock		(12	)		(4	)		(12	)		(4	)
Denominator for basic calculation		48,613			48,102			48,426			47,915
Weighted average effects of potentially diluted common stock:
Stock options		679			1,336			933			1,378
Unvested restricted stock		—			2			3			2
RSUs		17			64			67			55
PSUs		61			45			65			21
Denominator for diluted calculation		49,370			49,549			49,494			49,371
Net income per share:
Basic	$	0.10		$	0.21		$	0.28		$	0.69
Diluted	$	0.10		$	0.21		$	0.27		$	0.67

The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, RSUs and PSUs with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.


	Three Months Ended				Nine Months Ended
	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
Stock options		2,453		864		1,853		865
Restricted stock, RSUs and PSUs		341		2		26		20
Total		2,794		866		1,879		885