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Basic and Diluted Net Income Per Share (Tables)
6 Months Ended
Jun. 28, 2019
Earnings Per Share [Abstract]  
Summary of Computation of 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

 

 

Six Months Ended

 

 

 

June 28,

2019

 

 

June 29,

2018

 

 

June 28,

2019

 

 

June 29,

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

3,914

 

 

$

1,830

 

 

$

5,281

 

 

$

2,413

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

44,489

 

 

 

41,734

 

 

 

44,368

 

 

 

41,579

 

Less:  Unvested restricted stock

 

 

(10

)

 

 

(11

)

 

 

(11

)

 

 

(11

)

Denominator for basic calculation

 

 

44,479

 

 

 

41,723

 

 

 

44,357

 

 

 

41,568

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,149

 

 

 

2,037

 

 

 

2,292

 

 

 

1,800

 

Unvested restricted stock

 

 

97

 

 

 

17

 

 

 

185

 

 

 

17

 

Restricted stock units

 

 

8

 

 

 

222

 

 

 

8

 

 

 

269

 

Denominator for diluted calculation

 

 

46,733

 

 

 

43,999

 

 

 

46,842

 

 

 

43,654

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.09

 

 

$

0.04

 

 

$

0.12

 

 

$

0.06

 

Diluted

 

$

0.08

 

 

$

0.04

 

 

$

0.11

 

 

$

0.06

 

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28,

2019

 

 

June 29,

2018

 

 

June 28,

2019

 

 

June 29,

2018

 

Stock options

 

 

1,991

 

 

 

554

 

 

 

1,256

 

 

 

539

 

Restricted stock and restricted stock units

 

 

1

 

 

 

2

 

 

 

 

 

 

1

 

Total

 

 

1,992

 

 

 

556

 

 

 

1,256

 

 

 

540