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Basic and Diluted Net Income Per Share (Tables)
9 Months Ended
Sep. 27, 2019
Earnings Per Share [Abstract]  
Summary of Computation of 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

 

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

 

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