Basic and Diluted Net Income Per Share

12 Months Ended

Dec. 30, 2022

Note 16 — 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):

	Years Ended
	2022			2021			2020
Numerator:
Net income	$	38,755		$	24,501		$	5,913
Denominator:
Weighted average common shares:
Common shares outstanding		47,991			47,213			45,616
Less: Unvested restricted stock		(4	)		(3	)		(11	)
Denominator for basic calculation		47,987			47,210			45,605
Weighted average effects of potentially diluted common stock:
Stock options		1,310			2,145			2,272
Unvested restricted stock		2			5			4
RSUs		55			86			71
PSUs		26			10			1
Denominator for diluted calculation		49,380			49,456			47,953
Net income per share:
Basic	$	0.81		$	0.52		$	0.13
Diluted	$	0.78		$	0.50		$	0.12

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.

	Years Ended
	2022		2021		2020
Stock options		933		228		20
Restricted stock, RSUs and PSUs		18		6		—
Total		951		234		20