Net Income Per Share (Tables)

6 Months Ended

Jun. 28, 2014

The calculations for basic and diluted net income per share for the three and six months ended June 28, 2014 and June 29, 2013 are as follows:



	Three Months Ended				Six Months Ended
	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
	(In thousands, except per share amounts)
Net income	$	23,263	$	9,429	$	56,333	$	88,038
Weighted average common shares used to calculate basic net income per share	283,344		277,146		282,480		276,018
Convertible notes	—		11		—		11
2015 Warrants	15,054		10,871		13,815		10,770
Stock-based awards	7,357		6,415		7,100		6,475
Weighted average common shares used to calculate diluted net income per share	305,755		294,443		303,395		293,274
Net income per share - basic	$	0.08	$	0.03	$	0.20	$	0.32
Net income per share - diluted	$	0.08	$	0.03	$	0.19	$	0.30

Potential shares of Cadence's common stock excluded

The following table presents shares of Cadence’s common stock outstanding for the three and six months ended June 28, 2014 and June 29, 2013 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		Six Months Ended
	June 28, 2014	June 29, 2013	June 28, 2014	June 29, 2013
	(In thousands)
2013 Warrants	—	6,830	—	6,830
Options to purchase shares of common stock	4,399	5,752	4,517	6,253
Non-vested shares of restricted stock	8	18	9	9
Total potential common shares excluded	4,407	12,600	4,526	13,092