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Net Income Per Share
 9 Months Ended
Oct. 03, 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 October 3, 2017 and September 27, 2016, we excluded 1.3 million and 1.4 million shares, respectively, of common stock equivalents from the diluted calculation due to their anti-dilutive effect.

 

 

 

Thirteen
Weeks Ended
October 3, 2017

 

Thirteen
Weeks Ended
September 27, 2016

 

Thirty-Nine
Weeks Ended
October 3, 2017

 

Thirty-Nine
Weeks Ended
September 27, 2016

 

 

 

(In thousands, except per share data)

 

Net income

 

$
26,445

 

$
34,574

 

$
99,654

 

$
107,113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 
46,602

 
47,815

 
47,323

 
48,188

 

Dilutive effect of equity awards

 
917

 
1,397

 
1,259

 
1,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 
47,519

 
49,212

 
48,582

 
49,604

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$
0.57

 

$
0.72

 

$
2.11

 

$
2.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share

 

$
0.56

 

$
0.70

 

$
2.05

 

$
2.16