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Net Income Per Share (Tables)
3 Months Ended
Apr. 02, 2022
Earnings Per Share [Abstract]  
Schedule of earnings per share
The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
Fiscal Quarter Ended
April 2,
2022
April 3,
2021
Numerator:
Net income — basic$11,426 $10,501 
Less: net income attributable to participating shares48 46 
Net income — diluted$11,378 $10,455 
Denominator:
Weighted average shares outstanding — basic7,360 7,626 
Effect of dilutive stock options and restricted stock units143 205 
Weighted average shares outstanding — diluted7,503 7,831 
Net income per share:
Basic$1.55 $1.37 
Diluted$1.52 $1.34 
Schedule of anti-dilutive share-based awards excluded from common stock equivalents
Certain share-based awards were anti-dilutive because their exercise price exceeded the average market price over the respective period. The following table presents the anti-dilutive share-based awards that were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding (in thousands):
Fiscal Quarter Ended
April 2,
2022
April 3,
2021
Anti-dilutive share-based awards excluded— 14