Basic and Diluted Net Income Per Share

3 Months Ended

Apr. 01, 2022

Note 12 — 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
	April 1, 2022			April 2, 2021
Numerator:
Net income	$	9,602		$	4,992
Denominator:
Weighted average common shares:
Common shares outstanding		47,758			46,628
Less: Unvested restricted stock		(3	)		(11	)
Denominator for basic calculation		47,755			46,617
Weighted average effects of potentially diluted common stock:
Stock options		1,470			2,491
Unvested restricted stock		1			8
RSUs		55			88
PSUs		7			9
Denominator for diluted calculation		49,288			49,213
Net income per share:
Basic	$	0.20		$	0.11
Diluted	$	0.19		$	0.10

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
	April 1, 2022		April 2, 2021
Stock options		613		86
Restricted stock, RSUs and PSUs		24		—
Total		637		86