Net Income Per Share (Tables)

9 Months Ended

Sep. 28, 2013

The calculations for basic and diluted net income per share for the three and nine months ended September 28, 2013 and September 29, 2012 are as follows:



	Three Months Ended				Nine Months Ended
	September 28, 2013		September 29, 2012		September 28, 2013		September 29, 2012
	(In thousands, except per share amounts)
Net income	$	38,500	$	58,584	$	126,538	$	126,074
Weighted average common shares used to calculate basic net income per share	278,977		271,350		277,034		269,643
2023 Notes	9		11		11		11
2015 Warrants	11,587		6,286		11,042		3,148
Share-based awards	6,385		5,681		6,444		5,958
Weighted average common shares used to calculate diluted net income per share	296,958		283,328		294,531		278,760
Net income per share - basic	$	0.14	$	0.22	$	0.46	$	0.47
Net income per share - diluted	$	0.13	$	0.21	$	0.43	$	0.45

Potential shares of Cadence's common stock excluded

The following table presents shares of Cadence’s common stock outstanding for the three and nine months ended September 28, 2013, and September 29, 2012, that were excluded from the computation of diluted net income per share because the effect of including these shares in the computation of diluted net income per share would have been anti-dilutive:



	Three Months Ended		Nine Months Ended
	September 28, 2013	September 29, 2012	September 28, 2013	September 29, 2012
	(In thousands)
2013 Warrants	6,830	6,830	6,830	6,830
Options to purchase shares of common stock	5,639	10,003	6,048	12,767
Non-vested shares of restricted stock	3,280	10	1,099	82
Total potential common shares excluded	15,749	16,843	13,977	19,679