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Net Income Per Share
 6 Months Ended
Jul. 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 July 4, 2017 and June 28, 2016, we excluded 1.1 million and 1.8 million shares, respectively, of common stock equivalents from the diluted calculation due to their anti-dilutive effect.

 

 

 

Thirteen
Weeks Ended
July 4, 2017

 

Thirteen
Weeks Ended
June 28, 2016

 

Twenty-Six
Weeks Ended
July 4, 2017

 

Twenty-Six
Weeks Ended
June 28, 2016

 

 

 

(In thousands, except per share data)

 

Net income

 

$
38,166

 

$
38,585

 

$
73,209

 

$
72,539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 
47,732

 
48,232

 
47,683

 
48,375

 

Dilutive effect of equity awards

 
1,315

 
1,366

 
1,444

 
1,439

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 
49,047

 
49,598

 
49,127

 
49,814

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$
0.80

 

$
0.80

 

$
1.54

 

$
1.50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$
0.78

 

$
0.78

 

$
1.49

 

$
1.46