Basic and Diluted Net Income Per Share

9 Months Ended

Sep. 30, 2022

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 30, 2022			October 1, 2021			September 30, 2022			October 1, 2021
Numerator:
Net income	$	10,262		$	6,020		$	32,902		$	19,579
Denominator:
Weighted average common shares:
Common shares outstanding		48,106			47,486			47,919			47,067
Less: Unvested restricted stock		(4	)		(3	)		(4	)		(3	)
Denominator for basic calculation		48,102			47,483			47,915			47,064
Weighted average effects of potentially diluted common stock:
Stock options		1,336			2,013			1,378			2,277
Unvested restricted stock		2			—			2			6
RSUs		64			86			55			90
PSUs		45			10			21			11
Denominator for diluted calculation		49,549			49,592			49,371			49,448
Net income per share:
Basic	$	0.21		$	0.13		$	0.69		$	0.42
Diluted	$	0.21		$	0.12		$	0.67		$	0.40

The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, RSUs and PSUs 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 30, 2022		October 1, 2021		September 30, 2022		October 1, 2021
Stock options		864		33		865		201
Restricted stock, RSUs and PSUs		2		6		20		3
Total		866		39		885		204