Net Income Per Share

6 Months Ended

Jul. 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				Six Months Ended
(In thousands)	July 1, 2016		July 3, 2015		July 1, 2016		July 3, 2015

Shares used in basic per share computation		26,631		26,714		26,572		26,668
Effect of dilutive common stock options outstanding		127		144		124		143
Effect of dilutive restricted stock units outstanding		506		510		560		575

Shares used in diluted per share computation		27,264		27,368		27,256		27,386

There were no options excluded from the diluted per share calculations for the three and six months ended July 1, 2016. Common stock options to purchase 40,000 shares were excluded from the diluted per share calculation for the three months ended July 3, 2015 due to their antidilutive effect. The weighted-average exercise price for the antidilutive shares was $44.20 for the three months ended July 3, 2015. Common stock options to purchase 30,989 shares were excluded from the diluted per share calculation for the six months ended July 3, 2015 due to their antidilutive effect. The weighted-average exercise price for the antidilutive shares was $44.20 for the six months ended July 3, 2015.