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Net Income Per Share
6 Months Ended
Sep. 27, 2015
Earnings Per Share [Abstract]  
Net Income Per Share

Note 7. Net Income Per Share

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 27,

2015

 

 

September 28,

2014

 

 

September 27,

2015

 

 

September 28,

2014

 

 

 

(In thousands, except per share amounts)

 

Net income

 

$

2,238

 

 

$

11,010

 

 

$

4,794

 

 

$

17,010

 

Shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding — basic

 

 

86,911

 

 

 

87,914

 

 

 

87,122

 

 

 

87,654

 

Dilutive potential common shares, using treasury stock method

 

 

496

 

 

 

188

 

 

 

1,038

 

 

 

523

 

Weighted-average shares outstanding — diluted

 

 

87,407

 

 

 

88,102

 

 

 

88,160

 

 

 

88,177

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

0.13

 

 

$

0.06

 

 

$

0.19

 

Diluted

 

$

0.03

 

 

$

0.12

 

 

$

0.05

 

 

$

0.19

 

 

Stock-based awards, including stock options and restricted stock units, representing 7.3 million and 6.7 million shares of common stock have been excluded from the diluted per share calculations for the three and six months ended September 27, 2015, respectively, and 11.0  million and 11.5  million shares of common stock have been excluded from diluted per share calculations for the three and six months ended September 28, 2014, respectively. These stock-based awards have been excluded from the diluted per share calculations because their effect would have been antidilutive.