Basic And Diluted Net Income Per Share

3 Months Ended

Apr. 01, 2017

Earnings Per Share [Abstract]

Basic And Diluted Net Income Per Share

Basic and Diluted Net Income (Loss) Per Share

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

	Three Months Ended
(In thousands, except per share amounts)	April 1, 2017		April 2, 2016
Numerator:
Net income (loss)	$	2,968	$	(1,154	)
Denominator:
Basic weighted-average shares outstanding	27,289		26,798
Effect of dilutive employee stock options and restricted stock units	389		—
Diluted weighted-average shares outstanding	27,678		26,798
Net income (loss) per share - basic	$	0.11	$	(0.04	)
Net income (loss) per share - diluted	$	0.11	$	(0.04	)

The dilutive effect of outstanding options and restricted stock units is reflected in diluted net income per share, but not diluted net loss per share, by application of the treasury stock method, which includes consideration of stock-based compensation required by U.S. GAAP.

For the three month period ended April 1, 2017, diluted earnings per share includes the effect of dilutive employee stock options and restricted stock units. Zero effect of dilutive employee stock options and restricted stock units were included for the three month period ended April 2, 2016.

For the three month period ended April 1, 2017, a total of 1.4 million shares of common stock, subject to outstanding options and restricted stock units, respectively, were excluded from the computation of diluted net income per share as the resulting effect would have been anti-dilutive, as compared to a total of 2.7 million shares of common stock subject to outstanding options and restricted stock units, which were excluded from the computation of diluted net income (loss) per share for the three month period ended April 2, 2016.