| Reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding |
The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:
| | | For the three-month periods ended | | | For the | | | | | July 2, | | | July 3, | | | July 2, | | | July 3, | | | | | | | | | | | | | | | | Weighted-average number of common and common equivalent shares outstanding: | | | | | | | | | | | | | Basic number of common shares outstanding | | | 57,320,717 | | | | 58,907,191 | | | | 57,185,008 | | | | 58,607,261 | | Dilutive effect of unvested restricted stock | | | 96,845 | | | | 118,416 | | | | 101,921 | | | | 119,227 | | Dilutive effect of stock options | | | 635,425 | | | | 760,254 | | | | 665,797 | | | | 864,836 | | Diluted number of common and common equivalent shares outstanding | | | 58,052,987 | | | | 59,785,861 | | | | 57,952,726 | | | | 59,591,324 | | | | | | | | | | | | | | | | | | | | Basic net income per common share: | | | | | | | | | | | | | | | | | Net income | | $ | 12,659,000 | | | $ | 19,096,000 | | | $ | 44,782,000 | | | $ | 61,921,000 | | Income allocated to participating securities | | | (140,083 | ) | | | (161,587 | ) | | | (496,715 | ) | | | (526,624 | ) | Net income available to common shareholders | | $ | 12,518,917 | | | $ | 18,934,413 | | | $ | 44,285,285 | | | $ | 61,394,376 | | | | | | | | | | | | | | | | | | | | Basic net income per common share | | $ | 0.22 | | | $ | 0.32 | | | $ | 0.77 | | | $ | 1.05 | | | | | | | | | | | | | | | | | | | | Diluted net income per common share: | | | | | | | | | | | | | | | | | Net income | | $ | 12,659,000 | | | $ | 19,096,000 | | | $ | 44,782,000 | | | $ | 61,921,000 | | Income allocated to participating securities | | | (138,564 | ) | | | (159,546 | ) | | | (491,061 | ) | | | (519,030 | ) | Net income available to common shareholders | | $ | 12,520,436 | | | $ | 18,936,454 | | | $ | 44,290,939 | | | $ | 61,401,970 | | | | | | | | | | | | | | | | | | | | Diluted net income per common share | | $ | 0.22 | | | $ | 0.32 | | | $ | 0.76 | | | $ | 1.03 | |
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