Basic and Diluted Net Income Per Share

6 Months Ended

Jun. 30, 2023

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						Six Months Ended
	June 30, 2023			July 1, 2022			June 30, 2023			July 1, 2022
Numerator:
Net income	$	6,064		$	13,038		$	8,774		$	22,640
Denominator:
Weighted average common shares:
Common shares outstanding		48,428			47,893			48,343			47,826
Less: Unvested restricted stock		(10	)		(4	)		(10	)		(4	)
Denominator for basic calculation		48,418			47,889			48,333			47,822
Weighted average effects of potentially diluted common stock:
Stock options		986			1,299			1,050			1,386
Unvested restricted stock		3			3			3			2
RSUs		46			24			77			45
PSUs		63			8			61			9
Denominator for diluted calculation		49,516			49,223			49,524			49,264
Net income per share:
Basic	$	0.13		$	0.27		$	0.18		$	0.47
Diluted	$	0.12		$	0.26		$	0.18		$	0.46

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.

Note 13 — Basic and Diluted Net Income Per Share (Continued)


	Three Months Ended				Six Months Ended
	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Stock options		1,874		1,153		1,625		862
Restricted stock, RSUs and PSUs		127		267		24		122
Total		2,001		1,420		1,649		984