XML 17 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Net Income Per Common Share
 3 Months Ended
Apr. 03, 2015
Net Income Per Common Share [Abstract]  
Net (Loss) Income Per Common Share

2. Net Income per Common Share

Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. With regard to common stock subject to vesting requirements and restricted stock units issued to the Company’s employees and non-employee members of its Board of Directors, the calculation includes only the vested portion of such stock and units.

Dilutive net income per common share is computed by dividing net income by the weighted average number of common shares outstanding, increased by the assumed conversion of other potentially dilutive securities during the period.

The following table reconciles basic and dilutive weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

April 3,

 

 

March 28,

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 
28,551,665 

 

 
29,119,505 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

Unvested restricted stock units and common stock subject to

 

 

 

 

 

 

vesting requirements issued to employees and non-employees

 

 
847,951 

 

 
739,752 

Common stock issuable upon the exercise of stock options

 

 
517,700 

 

 
9,445 

Dilutive weighted average common shares outstanding

 

 
29,917,316 

 

 
29,868,702 

 

 

 

 

 

 

 

 

Approximately 0.6 million and 0.4 million shares of common stock equivalents were excluded from the computations of diluted net income per common share for the quarters ended April 3, 2015 and March 28, 2014, respectively, as their inclusion would have had an anti-dilutive effect on diluted net income per common share.