Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2017

The calculations for basic and diluted net income per share for the three and nine months ended September 30, 2017 and October 1, 2016 are as follows:



	Three Months Ended				Nine Months Ended
	September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016
	(In thousands, except per share amounts)
Net income	$	81,157	$	64,712	$	218,543	$	164,609
Weighted average common shares used to calculate basic net income per share	273,156		280,622		271,739		288,476
Stock-based awards	8,244		6,851		7,815		6,893
Weighted average common shares used to calculate diluted net income per share	281,400		287,473		279,554		295,369
Net income per share - basic	$	0.30	$	0.23	$	0.80	$	0.57
Net income per share - diluted	$	0.29	$	0.23	$	0.78	$	0.56

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 30, 2017 and October 1, 2016 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 30, 2017	October 1, 2016	September 30, 2017	October 1, 2016
	(In thousands)
Long-term performance-based stock awards	100	1,250	186	1,008
Options to purchase shares of common stock	—	160	404	729
Non-vested shares of restricted stock	12	7	62	36
Total potential common shares excluded	112	1,417	652	1,773