Net Income Per Share

9 Months Ended

Sep. 29, 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				Nine Months Ended
(In thousands)	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
Shares used in basic per share computation		51,203		51,492		51,197		51,934
Effect of dilutive common stock options outstanding		183		202		195		202
Effect of dilutive restricted stock units outstanding		259		314		288		353
Shares used in diluted per share computation		51,645		52,008		51,680		52,489

Common stock options to purchase 63,333 shares were excluded from the diluted per share calculation for the three months ended September 29, 2023 due to their anti-dilutive effect. Common stock options to purchase 24,835 shares were excluded from the diluted per share calculation for the nine months ended September 29, 2023, due to their anti-dilutive effect. There were no equity awards excluded from the diluted per share calculation for the three and nine months ended September 30, 2022.