Net Income Per Common Share

6 Months Ended

Jul. 03, 2015

Net Income Per Common Share [Abstract]

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		Six Months Ended
	July 3,	June 27,	July 3,		June 27,
	2015	2014	2015		2014

Basic weighted average common shares outstanding	28,717,622	28,939,096		28,634,644		29,029,300

Effect of dilutive securities:
Unvested restricted stock units and common stock subject to
vesting requirements issued to employees and non-employees	1,490,490	1,035,202		1,169,221		887,477
Common stock issuable upon the exercise of stock options	680,378	9,496		599,039		9,471
Dilutive weighted average common shares outstanding	30,888,490	29,983,794		30,402,904		29,926,248

Approximately 0.5 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 July 3, 2015 and June 27, 2014, respectively, as their inclusion would have had an anti-dilutive effect on diluted net income per common share.