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Basic and Diluted Net Income Per Share (Tables)
9 Months Ended
Oct. 02, 2020
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

 

 

Nine Months Ended

 

 

 

October 2, 2020

 

 

September 27, 2019

 

 

October 2, 2020

 

 

September 27, 2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

3,892

 

 

$

2,388

 

 

$

2,586

 

 

$

7,669

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

45,914

 

 

 

44,573

 

 

 

45,405

 

 

 

44,436

 

Less:  Unvested restricted stock

 

 

(11

)

 

 

(10

)

 

 

(11

)

 

 

(10

)

Denominator for basic calculation

 

 

45,903

 

 

 

44,563

 

 

 

45,394

 

 

 

44,426

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,208

 

 

 

2,194

 

 

 

2,124

 

 

 

2,260

 

Unvested restricted stock

 

 

 

 

 

2

 

 

 

5

 

 

 

6

 

Restricted stock units

 

 

68

 

 

 

98

 

 

 

66

 

 

 

156

 

Performance stock units

 

 

1

 

 

 

 

 

 

 

 

 

 

Denominator for diluted calculation

 

 

48,180

 

 

 

46,857

 

 

 

47,589

 

 

 

46,848

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.08

 

 

$

0.05

 

 

$

0.06

 

 

$

0.17

 

Diluted

 

$

0.08

 

 

$

0.05

 

 

$

0.05

 

 

$

0.16

 

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 2, 2020

 

 

September 27, 2019

 

 

October 2, 2020

 

 

September 27, 2019

 

Stock options

 

 

12

 

 

 

1,836

 

 

 

896

 

 

 

1,446

 

Restricted stock, restricted stock units and performance stock units

 

 

8

 

 

 

 

 

 

13

 

 

 

 

Total

 

 

20

 

 

 

1,836

 

 

 

909

 

 

 

1,446