Basic And Diluted Net Income Per Share

9 Months Ended

Sep. 29, 2012

Earnings Per Share [Abstract]

Basic And Diluted Net Income Per Share

Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:

	Three Months Ended				Nine Months Ended
(In thousands, except per share amounts)	September 29, 2012		October 1, 2011		September 29, 2012		October 1, 2011
Numerator:
Net income	$	12,442	$	10,464	$	33,813	$	28,059
Denominator:
Basic weighted-average shares outstanding	27,047		25,977		26,635		25,678
Effect of dilutive employee stock options and restricted stock units	730		670		846		942
Diluted weighted-average shares outstanding	27,777		26,647		27,481		26,620
Net income per share - basic:
Net income	$	0.46	$	0.40	$	1.27	$	1.09
Net income per share - diluted:
Net income	$	0.45	$	0.39	$	1.23	$	1.05

For the three and nine month periods ended September 29, 2012, 1.4 million and 1.3 million shares of common stock subject to outstanding options, respectively, were excluded from the computation of diluted net income per share, as the effect would have been anti-dilutive, as compared to 1.3 million and 0.9 million shares of common stock related to outstanding options for the corresponding periods of 2011. There were no shares of common stock underlying outstanding restricted stock units excluded from the computation for the three and nine month periods ended September 29, 2012. The number of shares of common stock underlying outstanding restricted stock units that were excluded from the computation was 0.2 million and 0.1 million, respectively, for the corresponding periods of 2011. Options and restricted stock units are anti-dilutive when we have a net loss or when the exercise price and the average unrecognized compensation cost of the stock option or restricted stock unit is greater than the average market price of our common stock during the period.