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Net Income Per Share
9 Months Ended
Dec. 27, 2015
Earnings Per Share [Abstract]  
Net Income Per Share

Note 8.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 27,

2015

 

 

December 28,

2014

 

 

December 27,

2015

 

 

December 28,

2014

 

 

 

(In thousands, except per share amounts)

 

Net income

 

$

23,433

 

 

$

22,435

 

 

$

28,227

 

 

$

39,445

 

Shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding — basic

 

 

83,503

 

 

 

87,728

 

 

 

85,916

 

 

 

87,679

 

Dilutive potential common shares, using treasury stock method

 

 

804

 

 

 

799

 

 

 

960

 

 

 

615

 

Weighted-average shares outstanding — diluted

 

 

84,307

 

 

 

88,527

 

 

 

86,876

 

 

 

88,294

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.28

 

 

$

0.26

 

 

$

0.33

 

 

$

0.45

 

Diluted

 

$

0.28

 

 

$

0.25

 

 

$

0.32

 

 

$

0.45

 

 

Stock-based awards, including stock options and restricted stock units, representing 6.5 million and 6.6 million shares of common stock have been excluded from the diluted per share calculations for the three and nine months ended December 27, 2015, respectively, and 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. These stock-based awards have been excluded from the diluted per share calculations because their effect would have been antidilutive.