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Net Income Per Share
 3 Months Ended
Apr. 04, 2017
Net Income Per Share  
Net Income Per Share

 

7.  Net Income Per Share

 

Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, reduced by unvested restricted stock awards.  Diluted net income per share reflects the impact of outstanding equity awards, calculated using the treasury stock method.  As of April 4, 2017 and March 29, 2016, we excluded 0.6 million and 1.2 million shares, respectively, of common stock equivalents from the diluted calculation due to their anti-dilutive effect.

 

 

 

Thirteen
Weeks Ended
April 4, 2017

 

Thirteen
Weeks Ended
March 29, 2016

 

 

 

(In thousands, except per share data)

 

Net income

 

$
35,043

 

$
33,954

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 
47,634

 
48,518

 

Dilutive effect of equity awards

 
1,576

 
1,519

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 
49,210

 
50,037

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$
0.74

 

$
0.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$
0.71

 

$
0.68