Note 2 - Net Income Per Share

3 Months Ended

Mar. 28, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Our calculation of the diluted share count includes the number of shares from our equity awards with market conditions or performance conditions that would be issuable under the terms of such awards at the end of the reporting period. For equity awards with a market condition, the number of shares included in the diluted share count as of March 28, 2020 is determined by measuring the achievement of the market condition as of the end of the reporting period. For equity awards with a performance condition, the number of shares that qualified for vesting as of March 28, 2020 are included in the diluted share count, as the condition for their issuance was satisfied by the end of the reporting period. See "Note 9 - Stock-Based Compensation" to our consolidated financial statements for further discussion of our equity awards with market conditions or performance conditions.

A summary of basic and diluted Net income (loss) per share is presented in the following table:

	Three Months Ended
	March 28,		March 30,
(in thousands, except per share data)	2020		2019
Net income	$	8,167	$	7,408
Shares used in basic Net income per share		134,253		130,992
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition		3,791		3,818
Shares used in diluted Net income per share		138,044		134,810
Basic Net income per share	$	0.06	$	0.06
Diluted Net income per share	$	0.06	$	0.05

The computation of diluted Net income per share excludes the effects of stock options, restricted stock units ("RSUs"), Employee Stock Purchase Plan ("ESPP") shares, and equity awards with a market condition or performance condition that are antidilutive, aggregating approximately the following number of shares:

	Three Months Ended
	March 28,		March 30,
(in thousands)	2020		2019
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive		1,056		812