Basic and Diluted Net Income Per Share

9 Months Ended

Sep. 27, 2019

Note 13 — Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):

	Three Months Ended						Nine Months Ended
	September 27, 2019			September 28, 2018			September 27, 2019			September 28, 2018
Numerator:
Net income	$	2,388		$	1,459		$	7,669		$	3,872
Denominator:
Weighted average common shares:
Common shares outstanding		44,573			43,065			44,436			42,076
Less: Unvested restricted stock		(10	)		(11	)		(10	)		(11	)
Denominator for basic calculation		44,563			43,054			44,426			42,065
Weighted average effects of potentially diluted common stock:
Stock options		2,194			2,686			2,260			2,245
Unvested restricted stock		2			4			6			12
Restricted stock units		98			281			156			296
Denominator for diluted calculation		46,857			46,025			46,848			44,618
Net income per share:
Basic	$	0.05		$	0.03		$	0.17		$	0.09
Diluted	$	0.05		$	0.03		$	0.16		$	0.09

The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, and restricted stock units with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.

	Three Months Ended				Nine Months Ended
	September 27, 2019		September 28, 2018		September 27, 2019		September 28, 2018
Stock options		1,836		389		1,446		278
Restricted stock and restricted stock units		—		—		—		1
Total		1,836		389		1,446		279