Net Income Per Share

3 Months Ended

Mar. 31, 2023

Note 4: 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)	March 31, 2023		April 1, 2022
Shares used in basic per share computation		51,132		52,419
Effect of dilutive common stock options outstanding		213		205
Effect of dilutive restricted stock units outstanding		337		415
Shares used in diluted per share computation		51,682		53,039

Common stock options to purchase 14,835 shares were excluded from the diluted per share calculation for the three months March 31, 2023 due to their anti-dilutive effect. There were no equity awards excluded from the diluted per share calculation for the three months ended April 1, 2022.