8. Net Income Per Share

Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, reduced by unvested restricted stock awards. As of October 2, 2018 and October 3, 2017, 1.7 million and 1.8 million shares, respectively, of restricted stock issued to staff members were unvested and, therefore, excluded from the calculation of basic earnings per share for the fiscal periods ended on those dates. Diluted net income per share includes the dilutive effect of outstanding equity awards, calculated using the treasury stock method. Shares of common stock equivalents of 1.3 million for both October 2, 2018 and October 3, 2017, were excluded from the diluted calculation due to their anti-dilutive effect.


	Thirteen		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	October 2, 2018		October 3, 2017		October 2, 2018		October 3, 2017
	(In thousands, except per share data)
Net income	$	28,475	$	26,445	$	82,857	$	99,654

Basic weighted average shares outstanding		45,321		46,602		45,418		47,323
Dilutive effect of equity awards		1,047		917		982		1,259

Diluted weighted average shares outstanding		46,368		47,519		46,400		48,582

Basic net income per share	$	0.63	$	0.57	$	1.82	$	2.11

Diluted net income per share	$	0.61	$	0.56	$	1.79	$	2.05