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Net Income Per Share
9 Months Ended
Dec. 28, 2014
Earnings Per Share [Abstract]  
Net Income Per Share

Note 11. 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  
     December 28,
2014
     December 29,
2013
     December 28,
2014
     December 29,
2013
 
     (In thousands, except per share amounts)  

Net income

   $ 22,435       $ 20,586       $ 39,445       $ 28,513   
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares:

Weighted-average shares outstanding — basic

  87,728      86,855      87,679      87,810   

Dilutive potential common shares, using treasury stock method

  799      331      615      399   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average shares outstanding — diluted

  88,527      87,186      88,294      88,209   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per share:

Basic

$ 0.26    $ 0.24    $ 0.45    $ 0.32   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

$ 0.25    $ 0.24    $ 0.45    $ 0.32   
  

 

 

    

 

 

    

 

 

    

 

 

 

Stock-based awards, including stock options and restricted stock units, representing 8.9 million and 10.7 million shares of common stock have been excluded from the diluted per share calculations for the three and nine months ended December 28, 2014, respectively, and 12.1 million and 14.8 million shares of common stock have been excluded from the diluted per share calculations for the three and nine months ended December 29, 2013, respectively. These stock-based awards have been excluded from the diluted per share calculations because their effect would have been antidilutive.