Net Income per Common Share

6 Months Ended

Jul. 03, 2016

Net Income per Common Share

M. Net Income per Common Share

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

	For the Three Months Ended					For the Six Months Ended
	July 3, 2016			July 5, 2015		July 3, 2016			July 5, 2015
	(in thousands, except per share amounts)
Net (loss) income for basic and diluted net income per share	$	(223,546	)	$	102,879	$	(173,560	)	$	135,666
Weighted average common shares-basic		203,018			213,845		203,645			215,516
Effect of dilutive potential common shares:
Restricted stock units		—			978		—			940
Stock options		—			603		—			649
Employee stock purchase plan		—			70		—			49
Dilutive potential common shares		—			1,651		—			1,638
Weighted average common shares-diluted		203,018			215,496		203,645			217,154
Net (loss) income per common share-basic	$	(1.10	)	$	0.48	$	(0.85	)	$	0.63
Net (loss) income per common share-diluted	$	(1.10	)	$	0.48	$	(0.85	)	$	0.62

The computation of diluted net income per common share for the three and six months ended July 3, 2016 excludes the effect of the potential exercise of all outstanding stock options and restricted stock units because Teradyne had a net loss and inclusion would be anti-dilutive.

The computation of diluted net income per common share for the three and six months ended July 5, 2015 excludes the effect of the potential exercise of stock options to purchase approximately 0.2 million shares because the effect would have been anti-dilutive.