Net Income Per Share

3 Months Ended

Apr. 01, 2016

Note 3: Net Income Per Share

Basic per share amounts are computed using the weighted-average number of common shares outstanding during the period. Diluted per share amounts are calculated using the weighted-average number of common shares outstanding during the period and, when dilutive, the weighted-average number of potential common shares from the issuance of common stock to satisfy outstanding restricted stock units and the exercise of outstanding options to purchase common stock using the treasury stock method.

The following schedule reconciles the shares used to calculate basic and diluted net income per share:

	Three Months Ended
(In thousands)	April 1, 2016		April 3, 2015

Shares used in basic per share computation		26,513		26,622
Effect of dilutive common stock options outstanding		121		142
Effect of dilutive restricted stock units outstanding		605		626

Shares used in diluted per share computation		27,239		27,390

There were no options excluded from the diluted per share calculations for the three months ended April 1, 2016. Common stock options to purchase 21,978 shares were excluded from the diluted per share calculation for the three months ended April 3, 2015 due to their antidilutive effect. The weighted-average exercise price for the antidilutive shares was $44.20 for the three months ended April 3, 2015.